Hello, Welcome to Known Unkowns, a newsletter that is open to all kinds of risk-taking—as long as there is good accounting. Risk taking across states The good news is that GDP grew more than expected, which suggests that the economy was not as damaged as we feared it might be—even if it’s not back to where it was, and probably won’t be for some time. But the bad news is that the virus is back in Europe and rising again in the U.S., so there’s a decent chance that GDP won’t be great this quarter, and that more damage will be done.
Known Unknowns
Known Unknowns
Known Unknowns
Hello, Welcome to Known Unkowns, a newsletter that is open to all kinds of risk-taking—as long as there is good accounting. Risk taking across states The good news is that GDP grew more than expected, which suggests that the economy was not as damaged as we feared it might be—even if it’s not back to where it was, and probably won’t be for some time. But the bad news is that the virus is back in Europe and rising again in the U.S., so there’s a decent chance that GDP won’t be great this quarter, and that more damage will be done.