The Wreckage Continues

One in five IT jobs have disappeared, and the sudden loss of office jobs is devastating the middle class.

[Update a couple minutes later]

Newspapers and Manhattan are screwed.

[Update a couple more minutes later]

AOC tells people to refuse to return to work.

Really? Is she going to pay their bills?

[Update a few minutes later]

Yes, the Democrats totally want a depression.

The Economic Wreckage

Bob Zimmerman catalogs it.

Some things will recover quickly, but we won’t have a robust recovery until people have sufficient confidence that they can go back to sporting events or movie theaters or restaurants at normal capacity, which will probably require a vaccine (even if it’s a placebo). And now, despite all the money being pumped into the economy, the Fed has to worry seriously about deflation.

Biting Commentary about Infinity…and Beyond!