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Newsmax: Nearly 9 Million Americans Call In Sick With COVID-19

Summary:
How the hell anybody doesn’t think this is going to cause a recession in 1Q is beyond my understanding…Nearly 9 million Americans have called in sick to their employer, saying they have COVID-19 or are caring for someone who has the virus, CBS News reports. This is three times the number from just a month ago and represents 6% of the U.S. workforce.   In addition, 3.2 million people say they are not working because they are afraid they could contract COVID-19 or pass it along to someone else, a 25% increase from December.Article here…

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How the hell anybody doesn’t think this is going to cause a recession in 1Q is beyond my understanding…


Nearly 9 million Americans have called in sick to their employer, saying they have COVID-19 or are caring for someone who has the virus, CBS News reports. This is three times the number from just a month ago and represents 6% of the U.S. workforce.  
 In addition, 3.2 million people say they are not working because they are afraid they could contract COVID-19 or pass it along to someone else, a 25% increase from December.




Article here…




Mike Norman
Mike Norman is an economist and veteran trader whose career has spanned over 30 years on Wall Street. He is a former member and trader on the CME, NYMEX, COMEX and NYFE and he managed money for one of the largest hedge funds and ran a prop trading desk for Credit Suisse.

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