INSIGHTS Insights for 6-5-20 By Staff Tuesday, June 2, 2020 11:05 AM "Right now, the economy is totally dependent upon the largesse of the government. Will the federal government keep sending out checks or will the household and business welfare payments dry up?"Joel Naroff, chief economist at Naroff Economics in Holland, Pa., in a recent interview with Reuters for its report, “Coronavirus sinks U.S. consumer spending; savings hit record high.”