Market Musings, From the Desk of Mark Sprague, State Director of Information Capitol @Independence Title
Insert Note. Mark Sprague's son, Stephen Sprague, was George Vance McGee's 1st real friend in second grade @Casis Elementary School in West Austin. Mr. Sprague also took us to see the Real-Life Documentary HOOP DREAMS, when we were kids. It was a stellar flick. Market Musings (Greater Austin Area) Posted on April 16, 2020 Mark Sprague, State Director of Information Capital Here’s an update on some recent questions I’ve been considering, with input and feedback from much wiser analysts/economists whose seminars I have been able to sit in on the last few weeks. What impact has COVID 19 had on the nation’s economy? We have never had a crisis like this before. Comparisons to previous crises like 9/11, 2008, and WW2, and the Great Depression are not useful. Unlike previous economic crises, people have/had jobs, want to work, and are being prevented from doing so. Household budgets are struggling. The financial system is struggling. Supply cha...