Posted inOp-Eds, Opinion

This economy is proving too hard for economists

The broad economic slowdown we are experiencing is likely nothing more than a pullback from the artificially induced sharp recovery from the lockdowns. It may not fit the model of a conventional business cycle, but once you accept that this is not a normal business cycle and view the data through a different lens, then the unexpected begins to make sense and not something to be dismissed as “noise.”

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