– The US economy has been in a state of “weirdness” since the start of the coronavirus pandemic.
– This has been characterized by a “yo-yo economy” of historic highs and lows in various industries.
– Examples include gas prices, durable goods, used cars, savings, housing, tech, and microchips.
– The pandemic has caused a mismatch between supply and demand, with companies struggling to anticipate and satisfy consumer preferences.
– The legacy of the yo-yo economy could be profound, with the Biden administration embracing policies to make America stronger, richer, greener, and less reliant on supply chains.
Published February 3, 2023
Visit The Atlantic to read Derek Thompson’s original post The Economy Is Still Very, Very Weird
