Make America Open Again

The public’s fear of poverty is about to supersede its fear of Covid-19, and politicians will be quickly forced to re-open the American economy. Trump has cleverly changed the narrative toward re-opening, and tricked governors into being on the hook for it. We have succeeded completely in “flattening the curve” and “slowing the spread,” so the time is right. New White House guidelines for phased re-opening are simple, science-based and expert-driven. A number of states are qualified to begin phase one immediately, and others should be there in about two weeks. Monetary and fiscal relief have been both massive and pre-emptive. We expect a rapid V-shaped recovery, as we historically have seen in brief recessions.