US economy is finally booming and it is a big relief for all of us, but in a worrying sign people are yet not seeing that boom, and this makes me wonder what happens if the general masses can’t feel the boom, will the US economy once again slip downwards?.
It might the reason behind that besides people always wanting more and being ungrateful is that not all people benefit from a booming economy. That’s very impossible.
But actually, I don’t really see the US having a booming economy. Economically wise, my presumption is US’s gap is going downwards.
Fiats are being printed almost every day for band-aid solutions for this pandemic and loans have been executed in the world banks and lastly, 70% of the workforce couldn’t move properly yet because of the pandemic. Not all of the businesses and industries could be done remotely.
Economists once said that it would take 10-15 years for the U.S to recover from the loss they had during the pandemic, slowly but surely.
Just my two cents.