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Forbes: "What Happens If There Is No Second Stimulus Package?"

Taylor Tepper | September 21 , 2020

Chances are decreasing that Congress pass another stimulus package prior to the election, increasing the likelihood that stress on businesses will continue, Frost Investment Advisors Chief Investment Officer Tom Stringfellow discussed with Forbes.

“If nothing new happens, I expect the slight drop we’ve been seeing in initial jobless claims would reverse, and some of the companies, especially restaurants and hotels that have been hanging on with skeleton crews aren’t going to make it,” said Stringfellow.

Although unemployment could worsen, Stringfellow said he does not predict the absence of a bill to drive the same magnitude of job losses seen this spring.

Excerpted from Forbes on Sept. 21, 2020. To view full article, click here.
 

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