Economy In Freefall
He tells 90.7’s Nicole Creston that it’s likely to be a sharp- but short- recession.
“This is a unique recession,” he says.
“It’s the first one ever to erupt from a downturn in services.”
Fishkind says “massive and timely” government intervention at the federal, state and local level has prevented a banking and financial collapse.
“Certainly, Orange County stepped up with relief for renters. The state is doing everything it can. The federal reserve has done a marvelous job preventing a complete financial sector collapse last week.”