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Data show W-shaped recovery is taking hold

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Data show W-shaped recovery is taking hold

Edward Harrison
Jul 9, 2020
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Data show W-shaped recovery is taking hold

pro.creditwritedowns.com

As I write this, I am waiting for the latest jobless claims data out of the US to be released. But, irrespective of what the data show, unfortunately we are seeing a W-shaped pattern to economic data. And that looks set to continue. Some brief comments below

The premature lifting of lockdown

I hate it when you see the likelihood of bad outcomes months bef…

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