Hello, Welcome to Known Unknowns, a newsletter that embraces ambiguity. Still no stimulus Well, GDP dropped 32.9% (annualized!) last quarter, the biggest drop ever since they began to measure quarterly GDP. But this isn’t all that surprising, because we’ve never shut down the economy before, either. The next quarter remains unknown, too, because everything depends on the course of the virus.
Known Unknowns
Known Unknowns
Known Unknowns
Hello, Welcome to Known Unknowns, a newsletter that embraces ambiguity. Still no stimulus Well, GDP dropped 32.9% (annualized!) last quarter, the biggest drop ever since they began to measure quarterly GDP. But this isn’t all that surprising, because we’ve never shut down the economy before, either. The next quarter remains unknown, too, because everything depends on the course of the virus.