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The US economy is closer than ever to back to normal But we ve still got a long way to go

The US economy is closer than ever to ‘back to normal.’ But we’ve still got a long way to go More than a year after the pandemic began, the US economy is on the cusp of a full recovery. But reaching that milestone still won’t be easy. CNN Business’ Back-to-Normal Index, developed in partnership with Moody’s Analytics last year, shows the US economy is 90% of the way back to where it was before the pandemic began over a year ago. The index, which is comprised of 37 national and seven state-level indicators, had bottomed out at around 57% in April 2020

Transitory Or Not: Three Factors Will Determine If Skyrocketing Prices Are Here To Stay

by Tyler Durden Transitory or not transitory, that is the question. The challenges from cracking supply-chains and the resulting strain on production and inventory are being felt widely. If you are looking to furnish a home, you have probably dealt with major delays in the delivery of your new sofa and may instead be sitting on beanbags. If you are looking to buy a car, you might be walking out with the sticker price and the wrong color. And good luck if you are trying to rent a car: if only Hertz had waited a year to file for bankruptcy it would be worth tens of billions today.

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