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Alternative Visions – US Economy: Relapsing from Rebound

Dr. Rasmus discusses the latest data showing a rise once again in unemployment and benefit claims. Why it’s a harbinger of a relapse and W-shape recovery now emerging more clearly. The dual causes behind the rising job losses: covid resurgence and permanent layoffs by big corporations. A detailed review of what’s known of the status of current negotiations in Congress over the Heroes Act follows. The major elements of the Republican-McConnell proposals are reviewed. (Check out more details in Dr. Rasmus’s recently published article, ‘What Lies Ahead’, available on his blog at jackrasmus.com). Next Week: more detail on the Heroes Act negotiations.

 

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