Confidence is high in the US thanks to strong vaccination rates. What will the new normal look like though? Offices could re-open by summer, but how much will we continue to work from home? And how much will we travel for business? Supply chains are still bottlenecked, leading to inflation pressure. The blockage of the Suez Canal won’t help that
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.
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Succinct Summary: The next two weeks could be very painful for the US but hopefully we are approaching the peak for the growth of infections. Still, the economy could be locked down for a long time and no one really knows how things will look as we come out of this. It’s hard to keep the consumer down.
Reminder: This weekly newsletter is supported by donations from our readers. If you like what you are reading, click here to donate (Suggested donation: $10 per month). Help us keep the Transcript going.