Re-opening, the pandemic and a potential double dip

This is going to be a relatively short post (I hope). My aim is just to bring together all of the thinking from my recent posts into one shorter narrative. And I'm hoping I can do that successfully here. So, here goes

Pre-lockdown economy

When 2020 started, despite a brief yield curve inversion in the US in 2019, signaling a potential recession ahead, the…

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