The spray of the surf. The smell of barbeque. The crack of a baseball bat. The dazzling display of Fourth of July fireworks. For much of the nation, these are the sensory memories associated with summer. Or, at least that was the case before COVID-19 came along, after which most Americans were essentially given a “time out” and sent to their rooms.And now that cabin fever has essentially started to outstrip viral fevers, states are slowly reopening.
May 26— The unprecedented economic circumstances stemming from the COVID-19 pandemic are only beginning to be understood and will likely be felt for some time.
Before the budding of spring flowers, a new coronavirus emerged from obscurity to a worldwide pandemic known as COVID-19. After the World Health Organization declared the coronavirus a global pandemic, defensive measures imposed by governments brought economies to a standstill and sent markets into nosedives. Coupled with the effects of falling prices of crude oil, the equity markets in the U.S.