Too Small to Fail? - EconVue Spotlight December 2020
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Optimism has taken wing and risk markets have been ebullient. Yet walking thru the streets of Chicago, the destruction caused by COVID19 is plain to see. Felled by simultaneous political and economic blows, store after store has been cleared out, windows boarded up, plastered with for 'For Lease' signs. Retail vacancy rates in the US rose from 9% to 20% from Q1 to Q2 and are doubtless higher now. Jobless numbers are ticking up and an estimated one out of three adults in the US lives in a household facing eviction or foreclosure. A third to a quarter of the children in this wealthiest of countries now experience food insecurity up nearly 500% since the pandemic began. This recovery is clearly two-tracked.
Too Small to Fail? - EconVue Spotlight December 2020
Too Small to Fail? - EconVue Spotlight…
Too Small to Fail? - EconVue Spotlight December 2020
Optimism has taken wing and risk markets have been ebullient. Yet walking thru the streets of Chicago, the destruction caused by COVID19 is plain to see. Felled by simultaneous political and economic blows, store after store has been cleared out, windows boarded up, plastered with for 'For Lease' signs. Retail vacancy rates in the US rose from 9% to 20% from Q1 to Q2 and are doubtless higher now. Jobless numbers are ticking up and an estimated one out of three adults in the US lives in a household facing eviction or foreclosure. A third to a quarter of the children in this wealthiest of countries now experience food insecurity up nearly 500% since the pandemic began. This recovery is clearly two-tracked.