- Paul Krugman expects the US economic recovery from the pandemic to be "much faster and continue much longer than many people expect," he said in a recent New York Times column.
- The Nobel Prize-winning economist predicts mass vaccination, pent-up demand, greater household savings, technological progress, and the Biden administration's backing to fuel a jobs boom.
- Americans grew their personal savings by 173% year-on-year between March and November last year, as disposable incomes ballooned by $1 trillion and household spending tumbled by $535 billion, a New York Times analysis shows.
- "I'm in the camp that expects rapid growth once people feel safe going out and spending money," Krugman said.
Nobel laureate Paul Krugman predicts a swift, sustained economic recovery once vaccines are rolled out (msn.com)
From one economist to economist (and lawyer) I concur with Paul. As soon as the stink of Trump wafts away, the US pent up demand will cause amazing growth and prosperity.
Thank God Trump, the total loser criminal will be hauled out of the way in a couple of weeks so we can get on with the cleanup and actual progress.