Interesting chart from Bloomberg today. The combination of partial lockdowns and holiday lull has plunged the economy back to its worst levels from last March.
This should not last for more than another week or so. But, right now, it's bad! t.co/VrAnAAzbVL
— Jim Bianco (@biancoresearch) December 29, 2020
— Adam Tooze (@adam_tooze) December 29, 2020
This year has been a slow-motion train wreck on many levels.