Today's bloodletting is the result of a spate of negative news over the weekend concerning escalating COVID-19 cases, restaurant closures, limits on large groups, school closures, dramatic action by the Fed and more. There is yet another wave of bad news looming that is likely to arrive in the next couple of weeks. The next … Continue reading More Room For Markets To Drift Down. Software As A Safe Haven.
We compare COVID-19 to influenza and estimate that the U.S. economy could suffer $60-100 billion in lost wages due to COVID-19. We used the CDC's data for the 2018-2019 flu season as a proxy to calculate our COVID-19 estimates. (see our PDF report HERE. Request Excel file at jmaietta@TEK2day.com).We focused our efforts on the 18-49 … Continue reading COVID-19: $60-100 Billion In Lost Wages