Tag: pandemic
The recession that economists predicted has never materialized. Unemployment has been under 4 percent for more than two years, a low more characteristic of the go-go 1960s than modern times. But inflation began to ease up last year and remains well below the pandemic’s 9 percent peak, despite March’s unwelcome increase of 3.5 percent annually…
While COVID was raging, the jump in house prices and a rising stock market were dramatically improving U.S. workers’ retirement finances. But the news is not quite as good as it appears, because the increase in house prices in 2020 through 2022, which continues today, was the largest single reason for the improvement. Yes, Americans…
