The Impact of the Pandemic on the US Economy

We put this presentation out to our 240-m2-megra clients every month. It's usually right after the job is claims or sorry, the jobs report. And so we'll talk about what are these factors, right? So number one, there's near record cash on household balance sheets. Number three, private sector income and wealth have outpaced inflation on a structural basis. Number five, we have limited exposure to the volatile manufacturing sector here in the US economy. Number six, we have bidenomics. And number eight, we have labor hoarding.