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41% Of Businesses On Yelp Have Permanently Closed As V-Shaped Recovery Implodes
President Trump's economic COVID-19 response, through massive fiscal and monetary stimuli, was expected to generate a V-shaped recovery ahead of the elections. We noted, all along, there was never a snowball's chance in hell that economic growth would revert to 2019 levels later this year; nevertheless, the labor market would fully recover. image If readers recall, President Trump has given several press conferences where he declared that the economy is quickly recovering: "We've been talking about the V," the president said. "This is better than a V. This is a rocket ship." A new report via Yelp, tilted "Local ... (full story)
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