2min chapter

Plain English with Derek Thompson cover image

The 2023 Economy FAQ: Is Recession Inevitable? Will Housing Crash? Can Tech Recover?

Plain English with Derek Thompson

CHAPTER

The Pandemic Is Not an Accelerator

Some of the Fed officials were saying, we're happy the stock market is falling. And I don't think I ever would have believed that would have been the case before 2022. The pandemic is not an accelerator for e-commerce and streaming for the most part. It was a bubble for a category of companies that you can think of as promises without profits.

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