Show Me the Money
Actually, I say “show” me the money, even though I’ve been socially distancing from my portfolio for days. The headlines suggest the market plunge took a pause on Tuesday. On a more pressing financial issue, the administration is working on a stimulus plan that includes giving Americans cold, hard (and one hopes, thoroughly disinfected) cash.
+ The shutdown is necessary, but as Derek Thompson explains, “it will crush the economy, starting with the restaurant industry … The consequences of these widespread closures may be hard to grasp. Americans now spend more at restaurants than at grocery stores.” America’s Restaurants Will Need a Miracle.