Despite California dealing with a continuous increase in infection rates and death rates, the state still plans to continue with reopening the economy.
Although California’s infection numbers are surpassing the 100,000 mark with at least 4,000 deaths, the state plans to impose a state-wide lifting of restrictions on retail stores. The plan is still waiting on final approval from each individual county’s public health departments, but as long as social distancing protocol is being followed, retail stores that offer in-store shopping are going to be allowed to open across California.
Previously, only a limited number of retail stores were allowed to open for in-store shopping, which was largely dependent on each individual county. Now that the state-wide restriction is to be lifted, many retail-focused small businesses may finally begin to see some much needed revenue.
Information for this briefing was found via Zero Hedge. The author has no securities or affiliations related to this organization. Not a recommendation to buy or sell. Always do additional research and consult a professional before purchasing a security. The author holds no licenses.
Hyperinflation: Remember, GDP = Money Supply x Velocity
When trying to wrap my head around economics, I like to simplify basic principles down...