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Empty cities are wicked for the economy |
In the effort to beat this global pandemic, lower interest rates sound good, but not that enough to help out to boost the US economy.
But as the March 4th editorial The New York Times said, the Federal Reserve Bank can’t speed the reopening of Chinese factories or get it back hundreds of millions of dollars that were lost because of the business meeting cancels and convention or events cancelation all over the country.
But quarantine to put all people at home seems inevitable with a significant decline in the economy as a result.
Besides the about 32 millions of worker without money in their pocket with no pay sick day and that maybe there will be no job to come back when de coronavirus have done, any time sooner or later.