If Trump continues his 4-year-old tantrum and keeps kicking his feet and holding his breathe while Covid continues unabated, he will turn into a Blue State…
Mary Daly, President of the San Francisco Federal Reserve this morning observed on CNBC that the US economy continues to expand “but at a slower pace than we had right after we came back from the shelter in place orders, and that’s really a reaction to two things. First of all, we had to ramp up to get back into activity and that caused a surge in growth, so a natural slowing is expected.
“But I also see the rising caseloads and we know that, voluntarily, people are going back into their homes; they’re less confident in going out when caseloads rise, and so I would expect some further slowing as we go forward consistent with the rising caseloads. Same thing we’ve been hearing for a while, top priority is getting the virus under control.”
“Fiscal support is really celexa critical. When Congress came out with the CARES Act, we saw immediately how that cushioned households and small businesses and helped them get through the virus. The virus is still with us, so more is needed. …
“If we don’t get that, then this is a mini fiscal cliff, maybe even a major fiscal cliff, for the individuals who are experiencing that. …
“This is people who are out of work, who can’t find jobs because jobs aren’t available yet and their unemployment insurance runs out, then they can’t pay their rent and maybe they get evicted. And small businesses who run out of their PPP funding and need more additional support to weather the virus, so this is certainly going to impact those households, those businesses. Ultimately it impacts our aggregate economy, and the economy would have slower growth in the absence of fiscal policy than it would have if we had a long and strong bridge that fully and completely gets us through the crisis.”
About Ken Zino
Ken Zino, publisher (kzhw@aol.com), is a versatile auto industry participant with global experience spanning decades in print and broadcast journalism, as well as social media. He has automobile testing, marketing, public relations and communications experience. He is past president of The International Motor Press Assn, the Detroit Press Club, founding member and first President of the Automotive Press Assn. He is a member of APA, IMPA and the Midwest Automotive Press Assn.
Zino is at home on test tracks, knows his way around U.S. Congressional hearing rooms, auto company headquarters, plant floors, as well as industry research and development labs where the real mobility work is done. He can quote from court decisions, refer to instrumented road tests, analyze financial results, and profile executive personalities and corporate cultures.
He also brings an historical perspective while citing their contemporary relevance of the work of legendary auto writers such as Ken Purdy, Jim Dunne or Jerry Flint, or writers such as Red Smith, Mark Twain, Thomas Jefferson – all to bring perspective to a chaotic automotive universe.
Above all, decades after he first drove a car, Zino still revels in the sound of the exhaust as the throttle is blipped and the driver’s rush that occurs when the entry, apex and exit points of a turn are smoothly and swiftly crossed. It’s the beginning of a perfect lap.
AutoInformed has an editorial philosophy that loves transportation machines of all kinds while promoting critical thinking about the future use of cars and trucks.
Zino builds AutoInformed from his background in automotive journalism starting at Hearst Publishing in New York City on Motor and MotorTech Magazines and car testing where he reviewed hundreds of vehicles in his decade-long stint as the Detroit Bureau Chief of Road & Track magazine. Zino has also worked in Europe, and Asia – now the largest automotive market in the world with China at its center.
Federal Reserve President on Do Nothing Republicans – The Economy Goes Where The Virus Goes
If Trump continues his 4-year-old tantrum and keeps kicking his feet and holding his breathe while Covid continues unabated, he will turn into a Blue State…
Mary Daly, President of the San Francisco Federal Reserve this morning observed on CNBC that the US economy continues to expand “but at a slower pace than we had right after we came back from the shelter in place orders, and that’s really a reaction to two things. First of all, we had to ramp up to get back into activity and that caused a surge in growth, so a natural slowing is expected.
“But I also see the rising caseloads and we know that, voluntarily, people are going back into their homes; they’re less confident in going out when caseloads rise, and so I would expect some further slowing as we go forward consistent with the rising caseloads. Same thing we’ve been hearing for a while, top priority is getting the virus under control.”
“Fiscal support is really celexa critical. When Congress came out with the CARES Act, we saw immediately how that cushioned households and small businesses and helped them get through the virus. The virus is still with us, so more is needed. …
“If we don’t get that, then this is a mini fiscal cliff, maybe even a major fiscal cliff, for the individuals who are experiencing that. …
“This is people who are out of work, who can’t find jobs because jobs aren’t available yet and their unemployment insurance runs out, then they can’t pay their rent and maybe they get evicted. And small businesses who run out of their PPP funding and need more additional support to weather the virus, so this is certainly going to impact those households, those businesses. Ultimately it impacts our aggregate economy, and the economy would have slower growth in the absence of fiscal policy than it would have if we had a long and strong bridge that fully and completely gets us through the crisis.”
About Ken Zino
Ken Zino, publisher (kzhw@aol.com), is a versatile auto industry participant with global experience spanning decades in print and broadcast journalism, as well as social media. He has automobile testing, marketing, public relations and communications experience. He is past president of The International Motor Press Assn, the Detroit Press Club, founding member and first President of the Automotive Press Assn. He is a member of APA, IMPA and the Midwest Automotive Press Assn. Zino is at home on test tracks, knows his way around U.S. Congressional hearing rooms, auto company headquarters, plant floors, as well as industry research and development labs where the real mobility work is done. He can quote from court decisions, refer to instrumented road tests, analyze financial results, and profile executive personalities and corporate cultures. He also brings an historical perspective while citing their contemporary relevance of the work of legendary auto writers such as Ken Purdy, Jim Dunne or Jerry Flint, or writers such as Red Smith, Mark Twain, Thomas Jefferson – all to bring perspective to a chaotic automotive universe. Above all, decades after he first drove a car, Zino still revels in the sound of the exhaust as the throttle is blipped and the driver’s rush that occurs when the entry, apex and exit points of a turn are smoothly and swiftly crossed. It’s the beginning of a perfect lap. AutoInformed has an editorial philosophy that loves transportation machines of all kinds while promoting critical thinking about the future use of cars and trucks. Zino builds AutoInformed from his background in automotive journalism starting at Hearst Publishing in New York City on Motor and MotorTech Magazines and car testing where he reviewed hundreds of vehicles in his decade-long stint as the Detroit Bureau Chief of Road & Track magazine. Zino has also worked in Europe, and Asia – now the largest automotive market in the world with China at its center.