Bloomberg Businessweek 2024 Will Mark End of Post-Pandemic Economy
15 snips
Jan 2, 2024 Allison Schrager, Senior Fellow at the Manhattan Institute, explains the trade-off between inflation and growth for the economy. Fourth-quarter vehicle delivery numbers for Tesla and Rivian are analyzed. The outlook for Apple and Tesla is shared. The podcast also explores the impact of a post-pandemic economy on the equity market.
AI Snips
Chapters
Transcript
Episode notes
Pandemic Dividend
- The "pandemic dividend" refers to the unusual economic conditions during the pandemic.
- These conditions allowed for a seemingly "free lunch" with monetary policy, delaying the expected recession from inflation.
Consumer Spending
- Consumers are experiencing a divided economy, with the bottom 50% depleting pandemic savings and increasing credit card debt.
- The top 50% retain substantial cash, benefiting from higher housing prices and low mortgage rates.
Labor Market
- While employers report difficulty finding talent, recent research suggests vacancy numbers might be inflated.
- Adjusted measures indicate vacancies are near pre-pandemic levels, suggesting a healthy but not overly slack labor market.