[2006alum]

poll on expected consumer behavior, page 13 shows results for how respondents expect to change their behavior

https://www.beautiful.ai/player/-M4jW8GM...l-April-10

yes, small sample size (500 people) and single snapshot in time but interesting (at least to me)

Definitely interesting, though as someone who has worked with survey data, I find it odd that this slide depends entirely on what one thinks is meant by "following the end of the pandemic." Does this mean when we start to "re-open the economy"? Or once there is widespread testing? Or once there's a vaccine? I doubt most respondents were thinking of the date in the future in which the WHO declares the pandemic over, but without a precise definition, I suspect these results have a relatively low level of validity.

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Well, I never thought I'd live to see the Pope become a communist...

[tweet]https://twitter.com/CNBCi/status/1249812446874931211?s=20[/tweet]
Seriously though, I really think an Andrew Yang style direct cash transfer is the most effective, least disruptive, and fairest way to get us through the next few months. I'm totally baffled by why there hasn't been more political momentum for it. 

As for the stock market, I think much of it can be explained by the fact that institutional investors don't have many other better places to move their capital. Bond yields are practically negative and this hardly seems like the time to start moving asset offshore. Personally, I'd like to see the federal government issue Corona Bonds that promise a reasonable return and go to support SBA loans to small businesses. It would be a feel good story and would provide mom and pop investors with a way to feel like they could use their excess savings to help the wider economy. It would also eliminate one negotiating point in the increasingly partisan congressional negotiations over future bailouts/stimulus, because Congress wouldn't need to allocate more direct expenditures to the SBA.

But of course, why pursue a win-win-win?

[2006alum]

poll on expected consumer behavior, page 13 shows results for how respondents expect to change their behavior

https://www.beautiful.ai/player/-M4jW8GM...l-April-10

yes, small sample size (500 people) and single snapshot in time but interesting (at least to me)

Definitely interesting, though as someone who has worked with survey data, I find it odd that this slide depends entirely on what one thinks is meant by "following the end of the pandemic." Does this mean when we start to "re-open the economy"? Or once there is widespread testing? Or once there's a vaccine? I doubt most respondents were thinking of the date in the future in which the WHO declares the pandemic over, but without a precise definition, I suspect these results have a relatively low level of validity.

---

Well, I never thought I'd live to see the Pope become a communist...

[tweet]https://twitter.com/CNBCi/status/1249812446874931211?s=20[/tweet]
Seriously though, I really think an Andrew Yang style direct cash transfer is the most effective, least disruptive, and fairest way to get us through the next few months. I'm totally baffled by why there hasn't been more political momentum for it. 

As for the stock market, I think much of it can be explained by the fact that institutional investors don't have many other better places to move their capital. Bond yields are practically negative and this hardly seems like the time to start moving asset offshore. Personally, I'd like to see the federal government issue Corona Bonds that promise a reasonable return and go to support SBA loans to small businesses. It would be a feel good story and would provide mom and pop investors with a way to feel like they could use their excess savings to help the wider economy. It would also eliminate one negotiating point in the increasingly partisan congressional negotiations over future bailouts/stimulus, because Congress wouldn't need to allocate more direct expenditures to the SBA.

But of course, why pursue a win-win-win?