Money For the Rest of Us

Why the Stock Market and Economy Are Rebounding So Quickly

08.19.2020 - By J. David SteinPlay

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How the current global recession differs from the Great Financial Crisis and why the recession is probably over.

Topics covered include:Why the current recession has no debt and banking crisisWhy lower-income workers are disproportionally harmed by the current recessionHow the federal government and central bank responses differed between the current recession and the 2008-09 recession.Do increased unemployment benefits disincentivize workersWhy the recession is probably over, but it could take months or years to recover the lost outputWhat factors will determine the impact a Covid-19 vaccine will have on the economy

Thanks to Chili and Trends for sponsoring the episode.

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