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America Is on the Road to Relapse Not Recovery

Niall Ferguson

By Niall Ferguson (original source Bloomberg Opinion) 

“America is on the road. But is it on the road to economic recovery or a pandemic relapse?

Fans of “On the Road” — Jack Kerouac’s 1957 classic of beatnik literature — will recall that its giddy, low-punctuation style is sometimes a little hard to follow. The same might be said of the data Americans are currently generating, some of which undoubtedly points to a rapid (if not quite V-shaped) recovery, and some of which seems to indicate either a second wave of Covid-19 infections or simply the continuation of the first wave.”

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