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The Year in Review: 2020 was an unprecedented year and The Transcript covered the economy throughout all of its twists and turns. Even though China was battling Covid in 2019, no one really knew what was in store for all of us in 2020. Technology, capital markets, and housing were three industries that boomed. While the stimulus was integral, the economic hero of 2020 was the US consumer. Optimism is high that 2021 will be a more normal year.

Editor's Request: This weekly newsletter is made possible by donations from our readers. If you like what you are reading, click here to donate (Our suggested donation: $10 per month). Help us keep The Transcript going.

 

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The Transcript

Succinct Summary: This has been the most difficult crisis that the US has faced since most people can remember.  An economic recovery is underway but the pace of job growth may be slowing.  Companies in the hardest-hit industries are asking for more stimulus.

Editor’s Request: This weekly newsletter is made possible by donations from our readers. If you like what you are reading, click here to donate (Our suggested donation: $10 per month). Help us keep The Transcript going.

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The Transcript

Succinct Summary: The economy has had a strong rebound, but the rising virus cases in some states are a cause for worry.  Consumers are fatigued from the virus but starting to accept that it may take a while for things to get back to normal.  And the old normal may never return.  Technology companies have been major beneficiaries of quarantine.  Companies are “splurging” on tech.

Editor’s Request: This weekly newsletter is made possible by donations from our readers. If you like what you are reading, click here to donate (Our suggested donation: $10 per month). Help us keep The Transcript going.

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The Transcript

Succinct Summary: It is quite clear by now that we are in a recession. The hope is that this is a different kind of recession and that we will be out of it quickly. But that depends on the trajectory of containing the virus. The good news is that things in China look better after containing the virus.
Editor’s Request: This weekly newsletter is made possible by donations from our readers. If you like what you are reading and want to help us keep it going, click here to donate (Our suggested donation: $10 per month).

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