New York Times Says After Pandemic Ends, “Cash Could Be Unleashed Like Melting Snow In The Rockies” In Sunday, February 21st Edition

Using “Alaskan” Terms ( Melting Snow  &  Cabin Fever ) To Describe Economists’ Positive Forecasts   "Signs of economic life are pic...

Using “Alaskan” Terms (Melting Snow & Cabin Fever) To Describe Economists’ Positive Forecasts  

"Signs of economic life are picking up, and mounds of cash are waiting to be spent as the virus loosens its grip"
Sunday, February 21st, 2021 New York Times 

We’re always on the lookout for good news. This week we found it in The New York Times which described a post-pandemic world using words Alaskan businesses long to hear: “melting snow,” “mounds of cash,” "cabin fever” and (especially) “hotel rooms and restaurant tables.” 

Admittedly, we all feel things seem up in the air right now, but economists are saying that a “supercharged rebound” may be in the works post-Covid. 

According to the New York Times: 

Economists surveyed by the Federal Reserve Bank of Philadelphia this month predicted that U.S. output will increase 4.5 percent this year, which would make it the best year since 1999…

When the pandemic ends, cash could be unleashed like melting snow in the Rockies: Consumers, released from their cabin fever, compete for hotel rooms and restaurant tables. Businesses compete for employees and supplies to meet the demand. Workers who were sidelined by child care responsibilities or virus fears are drawn back to the labor force by suddenly abundant opportunities.

“There will be this big boom as pent-up demand comes through and the economy is opening,” said Ellen Zentner, chief U.S. economist for Morgan Stanley. “There is an awful lot of buying power that we’ve transferred to households to fuel that pent-up demand.”

We’re hoping. 

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