SEARCH
Your address will show here +12 34 56 78
The Newsletter

Succinct Summary: Big retailers posted staggering comps in the second quarter as consumers shift spending towards purchases for items used at home.  Part of the strength was driven by stimulus but spending appears to have stayed strong in August even after the stimulus has waned.  November’s elections are starting to shift into focus.  And life may not get fully back to normal until 2022.

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.

0

The Newsletter

A Personal Note: A lot has happened in the last two weeks we have been away. We start on a very positive note—warm congratulations to my co-author Scott Krisiloff and his wife on the birth of their beautiful twins this past week. On a different note, the challenge of racism has come to the forefront of global news. This week, we have a special section on quotes on the reactions from corporate management teams on the issued of racism. The bottom line is that we have a problem that needs fixing. I have also written a personal article about my experience of racism in Scandinavia. – Erick Mokaya

Succinct Summary: There are some glimmers of hope across such industries like airlines, travel and retail as demand picks up from the April lows. We are, however, being cautioned about being too excited and urged to be cautious. All in all, there is significant pent-up demand. 

0