Markets continue to climb off the lows, now back within 15% of the record highs. Yet, forecasts are for 30-40% drops in GDP -- one of these numbers is out of place. Michael Farr takes a look at the markets and where he sees the disconnect.
As we continue to examine the impact of the pandemic, Michael welcomes another guest from the front lines -- this time the owner of a small business facing a cessation of revenue, Capt. Dave Ramsey of Park Shore Marina. Capt. Dave discusses how the shutdown is effecting his business, the uncertainties he faces, and the path he sees to endure.
Next, we are joined by our senior political analyst, Dan Mahaffee. Dan talks about the limits of government power to restart the economy. Sending the 101st Airborne to segregate the schools is one thing, but you can't call out the Army to make someone go to a restaurant or buy something new at Target.
Our special guest this week is Washington insider and FarrCast fan favorite, Tony Fratto. Tony and Michael have a wide ranging conversation on the pandemic, the prospects for recovery, and all of the ground in between. For more of Tony's insights, watch tomorrow for a special FarrCast episode with all 30 minutes of Tony and Michael's discussion.
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