The Economy and The Virus
Not since the 1960s and 70s has the United States experienced upheaval like it is experiencing today. We have protests (both peaceful and otherwise), and a massively divided political landscape. On top of that, we have a virus that is spreading across the country, creating fear and an acceptance of economic shutdowns.
Many on both sides feel as if the world is falling apart, and we certainly dealing with a series of issues that are causing uncertainty. However, especially after the Fourth of July, it’s important to remember history.
In the Civil War, the US lost more than 750,000 men, 2% of the population, the equivalent of more than 7 million people today. World War I, World War II, and the Spanish Flu were devastating. Yet, in every case, the United States continued to prosper.
– Brian S. Wesbury, Chief Economist at First Trust
Click the following link to access your copy of Timonier’s latest quarterly newsletter and update on the capital markets: From the Engine Room Q2 2020.
We hope you enjoy the guest post as well as thoughtful insights from our President and CEO, Tim Baker.