of recovery and suggests that some have "learned a lesson" with almost 40 million filing for unemployment insurance and two months after the disaster started is... (I will let all of you fill in the blank).
My company is winding up on our 8 weeks for the PPP forgiveness. I expect we will be making a lot more cuts in the next 30 days. This is repeating itself all over the country. I hope I am wrong, but I don't think the domino effect is even on the horizon yet. Companies have completely cutoff their capital spending. Where are the 40 million people going to go back to work? The list goes on.
The only way the market keeps up is if the government spends another $3, $5, $10 trillion to prop it up. That has its own consequences, but the worse part is we are handing it off to our kids and grandkids.