If you think travel and business will be back to normal in the next six weeks, you are not aware of what is going on.
In the airline business alone, if there is not an extension of the programs there will be tens of thousands of layoffs in the last two weeks of October. And that is just one industry.
Covid could disappear tomorrow...and this would still happen.
...travel and business will be back to normal in the next six weeks,
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I don’t have a chart, but the trend is down over just 3 months. I think that will continue.
Straight line extrapolations are almost always in error, but the trend is amazing, considering what has been done to foil reopening.
I think the pre-election attacks on the economy (as a surrogate for POTUS)will moderate, especially since they have rebounded against not just the Ds in general, but House candidates in particular. They appear to be between the rock and the hard place, so I expect more openings and less fear.
There were new hirings in the current report. That should continue, as well. Hospitality usually winds down at the end of summer, many places. My area sees a surge for hunting season and that should go on as usual. Economies are always in flux. Perhaps the jobs that become available will moderate the losses in other sectors.
I don’t have a crystal ball, of course. But the Ds evidently think they need to be seen as helping the economy, so their obstruction should moderate, at the least.