The Transcript 08.24.20

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Succinct Summary: Big retailers posted staggering comps in the second quarter as consumers shift spending towards purchases for items used at home.  Part of the strength was driven by stimulus but spending appears to have stayed strong in August even after the stimulus has waned.  November's elections are starting to shift into focus.  And life may not get fully back to normal until 2022. 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.

The Transcript 08.17.20

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Succinct Summary: The Great Recession of '08 pales in comparison to the kind of recession that we have here. The UK just recorded the worst quarterly recession on record. The virus levels remain stubbornly high in many places. The hope comes from the modest recovery in some hard-hit industries.  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.