Awakenings

(1) Hearing more good things about Gilead’s anti-viral drug. (2) Will the US economy awaken from its government mandated catatonia? (3) Revising our real GDP forecast: Much worse in Q2, but recovery starts during Q3. (4) Small business survey full of bad news with one exception. (5) Consumers showing some tentative signs of leaving their cabins. (6) Gasoline demand is picking up. (7) Reopening for business, though not business as usual. (8) Inflation outlook: the 4Ds versus the 3Ts. (9) Fed would welcome and accommodate a temporary awakening of inflation. (10) Setting the stage for another Cold War. (11) Joe Biden?