Jun 172020
 

I am quoted in this InvestorPlace article:

When asked about the impact on the economy, Clinical Professor of Finance David Kass at the University of Maryland’s Robert H. Smith School of Business said in an email to InvestorPlace, “To prevent the recession from becoming a depression, the Federal Government will have to plug the hole in the U.S economy, created  by the substantial drop in consumer spending, with trillions of dollars of additional spending by the Federal Reserve, Treasury and Congress.  … The Federal Reserve can provide trillions of dollars in loans to support the economy. This funding would assist households and employers of all sizes and bolster the ability of state and local governments to deliver critical services until there is a widely available vaccine.”

 

 Posted by at 8:21 pm

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