In this podcast, John & Sam exchange perspectives on current events that are impacting our economy and influencing investment strategies. Trading Perspectives is hosted by Oakworth Capital Bank's Chief Economist, John Norris along with Associate Managing Director and Portfolio Manager, Sam Clement.
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Apr 28, 2020
People have conflicting opinions on the reopening of economies. The reality is, local politicians are in a lose-lose situation. You open it up to soon, infections increase but if you don’t, economic structural damage will be inevitable. Local governments can’t print money. What happens if local governments run out of money? What impact will it have on communities? Economically speaking, is it realistic to keep local economies shut down with no money being spent until COVID-19 is non-existent?