Skip to main content

Posts

Showing posts with the label Econmy in 2020

2022 Economic forecast -- We are not "there yet despite growth

The economic recovery that Whtie House is touting in the new year seems to be going nowhere fast -- like running up an escalator going in the opposite direction. Economically the country experiencing progression and digression at the same time and it isn't the government's fault.  Certainly if any leader could wave a magic wand to make the pandemic go away they would. The fact that in three years the U.S> has not reached the curve in lowering the spread of Coronavirus is the problem.   The economy is in a better position at the top of 2021 than a year ago.  In fact, CNN reports Pres. Biden has seen more economic growth in his first year than any president in history.  That growth curve in the face of a sliding pandemic and rising food prices leave the impression that  inflation can not be tamed, which does not add up. The sense that economic progress is not being made   is due to COVID-fatigue a CNN analyst says.  The job numbers from Dece...