The K-Shaped Recovery is really starting to take its toll on those on leg of it. The news out of small business is deeply worrisome. Hopelessness is setting in. Potential stress point in the financial system?

Americans Turn Pessimistic Over Near Term Outlook For U.S. Economy: Poll

Americans have turned modestly pessimistic over the near-term outlook for the U.S. economy, amid surging coronavirus cases and a lapse in fiscal stimulus, the November IBD/TIPP Poll finds. The six-month economic outlook index retreated to 47, after registering optimism in October for the first month since February. Readings below 50 reflect pessimism.

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Fed’s Rosengren: Great Number of Firms to Have Difficulty Surviving Even if Virus Is Contained

Even if the coronavirus is contained relatively quickly, a great number of firms are going to have difficulty surviving, Boston Federal Reserve President Eric Rosengren argued on Tuesday, as reported by Reuters.

Congress Must Pass ‘Essential’ Covid Stimulus Before Inauguration Day, Says U.S. Chamber of Commerce

“The sooner it’s done, the better for the beneficiaries of the stimulus,” U.S. Chamber of Commerce CEO Thomas Donohue told CNBC.

Fed’s Kaplan Concerned About Next Six Months as Virus Surges

Dallas Federal Reserve President Robert Kaplan said on Tuesday he was “cautious and concerned” about downside economic risks in the short run because of the resurgence of the coronavirus, but more optimistic in the longer term.

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‘A Scary Number’ of Retail Companies Are Facing Bankruptcy Amid the Coronavirus Pandemic

The retail sector in America continues to fall apart.