Quote:President Donald Trump’s plan to send $1,000 to every American, part of emergency stimulus of as much as $1.2 trillion to contain the economic hit from the coronavirus, is unlikely to stop a U.S. recession. The administration announced plans Tuesday to send the direct payments in coming days following several weeks of pressure from investors, economists, left-leaning think tanks and Republicans such as Utah Senator Mitt Romney. The stimulus will help replenish bank accounts amid widespread firings, closures and foregone pay, and may help with the eventual economic recovery. But several analysts say even with such sweeping measures the world’s largest economy won’t be able to avoid a contraction.Those $1,000 Checks Can’t Stop the Now-Inevitable U.S. Recession - Bloomberg
- That wasn't so hard, we called that two weeks ago.