by James Rickards
Daily Reckoning
Is the worst of the economic collapse over?
Not really. The economy is off the bottom, but that’s only to be expected after the historic collapse of March–May and the stock market crash in March and April.
The question now is not whether we’re growing again. We are. The questions are how fast is that growth, and how long will it be before we return to 2019 levels of output?
And this question applies not just to the U.S. but to the entire global economy, especially the large producers such as China, Japan and the EU.
Here, the news is not good at all.