Allan J Rolnick's Blog – May 2020 Archive (1)

Much like a natural disaster, the coronavirus took the world by storm and forced everyone to seek “shelter at home” and to change their daily habits in an effort to “flatten the curve”. This meant shutting down businesses and within a week, millions of Americans found themselves out of a job.

Businesses who had record sales at the beginning of March found themselves near insolvency by end of March. Despite a $2 trillion stimulus bill, the economy will…