resources, human resources, logistics, they are starting to be an issue for the ramp up, because we are at the beginning of this new phase of the pandemic. of this new phase of the pandemic- of this new phase of the pandemic. of this new phase of the andemic. ~ . ., ., pandemic. will that lead to - rice pandemic. will that lead to price pressures? pandemic. will that lead to price pressures? a - pandemic. will that lead to price pressures? a lot - pandemic. will that lead to price pressures? a lot of i price pressures? a lot of thins price pressures? a lot of things are price pressures? a lot of things are happening - price pressures? a lot of things are happening on | price pressures? a lot of. things are happening on the prices, obviously there is an inflation in trend in health commodities, that is probably because of that inflation point, before things get to normal again, so we see that as a risk for many in the industry. a risk for many in the industry- a risk for many in t
last few years that if you increase government spending, it will general mate growth. i think we re seeing that is, essentially, a failed strategy. jenna: well, it shows some growth. yes, certainly from the depths of the recession, but the recession was always going to recover. the problem we ve had is each time we get a recovery coming, the middle of the year falls off, so there s no durable expansion which is the kind you want, one that lasts. i think you re going to see a philosophical fight over the role of government and whether taxes should go up on some people or whether or not we should have tax reform that lowers rates for everybody that gives more people more confidence. and rather than having this helter-skelter temporary policy, let s put in longer-term reforms that will give more people more confidence over time. jenna: you know, a quick final question for you, paul. we see the unemployment rate go up by a tenth of a percent, it s significant, but it s harder to feel tha
services that a nation produces, is very, very low. the first quarter of this year, it was below a half percent, near 3%, for the second quarter, and those are not the kind of numbers that we need to get us out and get us into a recovery. so, the question may not be, just, are we headed for a recession but, you know, what kind of recovery is this? a jobless one? people cannot find jobs and until they can find jobs they cannot spend more, although, spending is a little bit higher. but, there are some positives out there, as well, profits seem to be doing well. and, of course that is on the back of those who have been unemployed. most companies cut costs to get those kind of profits, but they do have cash. interest rates have never been this low. so, you know, there are some positives out there. but, a lot of economists are saying there is not going to be a recovery coming, we re going down again. eric: you mentioned the