US Economic Recovery
"This looks at reflects upon the current state of the economy - especially trade and labor markets. I argue that: 1.) Things are looking good!, 2.) The people saying things are looking bad are Sus." (Thread)
"Here's an example of how things are looking good - personal consumption fell dramatically during the pandemic, and now has returned to (or exceeded) previous trends."
""What about ports and the supply chain?" They are struggling - but because we are importing a lot MORE than we were before - even compared to previous trends!"
""Why doesn't anyone want to work?" People have been returning to work! The last four months we've seen rapid progress that took four years in the previous recession."