The PPP and other "relief" from the lunatic #lockdown has...

The PPP and other "relief" from the lunatic #lockdown has not halted the destruction of #jobs and the #economy, merely slowed them down. The death spiral will continue for some time yet. https://www.zerohedge.com/personal-finance/many-companies-turning-temporary-furloughs-permanent-layoffs #news #unemployment

Many Companies Turning Temporary Furloughs Into Permanent Layoffs

In effect, we’re witnessing a permanent contraction in the US economy... even if we deal with COVID, the economy isn’t going to simply spring back to what it was before. There won’t be anything left to spring...

zerohedge.com

Aug 21 2020 · 7:14 PM