The Transcript 11.23.20

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Succinct Summary: Retailers reported strong quarters last week showing that the US consumer remains resilient despite high unemployment.  A new wave of Covid could slow the economy back down but vaccines are almost here.  It will be interesting to see what behaviors have been permanently altered by the pandemic and which ones will return to the way that they were.  Business travel is one thing that may be permanently changed. Editor's Request: This weekly newsletter is made possible by donations from our readers. If you like what you are reading, click here to donate (Our suggested donation: $10 per month). Help us keep The Transcript going.

The Transcript 08.31.20

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Succinct Summary: The last week of summer before labor day is usually one of the slowest weeks of the year but this year it feels like things are moving at an incredibly fast pace.  Companies are looking to the future and beginning to permanently rationalize their cost structure.  Business travel budgets are likely to be cut for a long time.  Temporary layoffs are also becoming permanent.  In the near term economic activity is still very strong though.  We're seeing a terrific end of the summer.  And the Fed is hoping it stays that way in the fall. Editor's Request: This weekly newsletter is made possible by donations from our readers. If you like what you are reading, click here to donate (Our suggested donation: $10 per month). Help us keep The Transcript going.