The US economic recovery is already buggered

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Do you think that the US economy has locked down, flattened the virus, and is about re-open?

Think again:

Most places where the virus curve is under control still have lockdowns. The major exception is the south east, perhaps aided by warmth. Vast areas are reopening with the virus still out of control:

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About the author
David Llewellyn-Smith is Chief Strategist at the MB Fund and MB Super. David is the founding publisher and editor of MacroBusiness and was the founding publisher and global economy editor of The Diplomat, the Asia Pacific’s leading geo-politics and economics portal. He is also a former gold trader and economic commentator at The Sydney Morning Herald, The Age, the ABC and Business Spectator. He is the co-author of The Great Crash of 2008 with Ross Garnaut and was the editor of the second Garnaut Climate Change Review.