July 31, unless we throw more money at it.
July 31 is the federal drop-dead date. The CARES act provides an additional $600 of federal funds for unemployment claims for the thirteen weeks starting March 25, backdated by a couple-three weeks if I recall correctly. Either way, party's over, masks are off, COVID has been eliminated and America has been Made Great Again.
Great unraveling was on temporary pause till after the 4th of July fireworks. The question is what’s next... I’m assuming some form of stagflation - wages going down prices going up. We’re already seeing 50% cost increases in child care 20-30% in food and I expect other shit to cost more soon. There may be a temporary blip where a bunch of assets show up on the market as people liquidate or go bankrupt but that will clear and new stuff will come with a hefty price increase.