AI-powered
podcast player
Listen to all your favourite podcasts with AI-powered features
Inflation Forecasting Perspective
The global pandeic and all these social distancing policies did was they increased the demand for space. So people moved out of urban areas where they needed cars, shousing, furniture. These are very cyclical items, and they typically fall sharply in recessions. And so i think business is, when they saw a recession on the horizon, they actually cut their supply. They tried to get rid of inventories. We started at the beginningof this epic shift in demand with wag too little supply."