The Newsletter
Covid cases are dropping, vaccines are being administered and warmer weather is coming. Fatigued consumers are ready to return to normal. We especially miss traveling.
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The Newsletter
Succinct Summary: Most parts of the economy have normalized and the economic winners are booming. Technology, cloud service and e-commerce are leading the way and other industries are surging as well. Financial service firms focused on M&A advisory, trading and restructuring are seeing strong business. The housing market is also on fire with new home sales up 32% y/y. This week’s election and a renewed wave of COVID could dampen activity, but for now, the economy is doing remarkably well. COVID may have led to structurally higher productivity.
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The Newsletter
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.