Topic: K Shaped Recovery

Senator Elizabeth Warren advocates for a "Wealth Tax" of two cents on the top one-tenth of one percent of fortunes. She argues the revenue could fund universal childcare, tuition-free college, and the cancellation of student loan debt. The hosts frame this as part of the broader shift toward socialist policies.

President Trump's prediction of a "V-shaped" economic recovery is discussed alongside reports from NASA and the European Space Agency showing a 25% drop in CO2 emissions in China. The hosts question the logic of reports claiming a massive drop in coal consumption while populations are confined to their homes using residential electricity.

While some predict a V-shaped economic recovery, others warn that the sudden shift to telework will be a disaster for those unaccustomed to the discipline required. Long-term isolation in small apartments is expected to lead to increased domestic stress and "cabin fever" if lockdowns extend beyond early April.

Adam Curry and John C. Dvorak open the program discussing the current state of the financial markets and the potential shape of the economic recovery. They contrast the traditional V-shaped recovery with a newly proposed L-shaped model while touching on the impact of market volatility on retirement accounts like 401ks and IRAs.