“Our country wasn’t built to be shut down. President Donald Trump risks making matters worse for the US economy by suggesting that restrictive measures (very mild in two-thirds of the country) might be relaxed within a week. That is a key reason why the greatest rescue in economic history has so far struggled to restore lasting confidence. The stimulus will be exhausted before the pandemic is brought under control. Monetary and fiscal safety nets are ultimately inadequate if Western democracies - chiefly the US at this point - dabble with half measures that prolong the agony. The only sure circuit-breaker for global markets is evidence that Europe and America have a credible policy to contain Covid-19, and that means a full lockdown followed later by an East Asian tracing regime.
0 kommentar(er)
