Insana: Kudlow is wrong, this is not a V-shaped recovery

FROM AN ARTICLE PUBLISHED ON CNBC -----

PUBLISHED WED, OCT 21 202012:53 PM EDTUPDATED WED, OCT 21 20201:30 PM EDT

 

KEY POINTS:

 

·       White House economic advisor Larry Kudlow maintained that the U.S. is in a V-shaped recovery.

·       Multiple indicators show that the belief in a sharp rebound isn’t so, according to Ron Insana.

·       Consumers are substituting goods and services, causing imbalances across the economy, Insana said.

Link to full article:

https://www.cnbc.com/2020/10/21/commentary-kudlow-is-wrong-this-is-not-a-v-shaped-recovery.html?recirc=taboolainternal