To rip the BandAid or to not rip the BandAid..that is indeed the question.
Most interesting comment I have heard today comes from Richmond Fed President Thomas Barkin who says that “the ‘pothole’ in the economy created by the coronavirus pandemic has turned into ‘sinkhole’." He is urging for Congress to keep support in place or business and consumers alike will ‘feel the full brunt’.
A question on my mind is – how long should this be going on, Mr Barkin before it is deemed enough? At some point, shouldn’t the BandAid be ripped out? Just thinking out loud. What are your thoughts?
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