The U.S. economy is on track to recovery, if government gets out of the way and the coronavirus is thwarted.
That’s an overall assessment of economists Thursday in a virtual conference sponsored by Union Bank. The discussion was moderated by Union Bank’s Steve Sherline, a director of the bank’s wealth management division.
One economist cautioned about the dangers of mounting public debt.
“The reality is, we don’t need this much stimulus,” said Christopher Thornberg, who has served on the advisory board of Wall Street hedge fund Paulson & Co. since 2006, among other lengthy accolades.
Thornberg admitted in his presentation titled “The COVID Recession: Where Next” that times are tough. But they could get worse if Congress keeps piling on debt that our future generations