The Transcript 09.28.20

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Succinct Summary: The economy has improved a lot since the bottom, and headline economic activity is nearing a full recovery.  However, the recovery has not been shared equally.  There have been a small number of big economic winners and a much larger number of economic losers from COVID.  This will help keep the government pushing for more stimulus for a long time.  In the past, this stimulus has tended to help the winners even more. Editor's Request: This weekly newsletter is made possible by donations from our readers. If you like what you are reading, click here to donate (Our suggested donation: $10 per month). Help us keep The Transcript going.