A Covid-19 vaccine was designed in January, in 2 days. The economist who thought the stock market was overvalued in the late 1990’s doesn’t today. PPP loans may not be as tax-free as advertised.
Moderna designed its coronavirus vaccine in just 2 days (Business Insider)
I don’t remember seeing any news about this when it happened in January, or February for that matter. You would have thought a breakthrough like this would have gotten a lot more publicity at the time.
Making sense of sky high stock prices (Project Syndicate)
Robert Shiller is among the most respected economists alive today. He’s one of the very few who called the dot-com and real estate bubbles. When he makes comments about the markets, I take note.
Although PPP loans which are forgiven will not be subject to taxes, the expenses those loans paid for are currently not deductible. If Congress doesn’t address this in the current stimulus proposal, small business owners may get a nasty tax surprise next spring.