U.S. Economic Update Portal
Now that we are in our 2nd COVID-19 Winter, the world is currently experiencing the rampant dissemination of the Omicron variant mixed with the Delta variant and just plain old killer Coronavirus. Health experts are now saying this virus will never go away and new variants will come and go in the upcoming years. This of course isn’t the case in China, where there is a zero tolerance for even a single case. If you are found positive there, you are literally locked into your home and monitored by government personnel. It’s very scary for the residents, but alas, it’s not the U.S. situation, because we have our own predicament to deal with locally.
When this originally started in the late Winter of 2020, it had a major impact on the oil, hotel, airline and travel/entertainment industries. Today, and shockingly I might add, it is having a much smaller impact. In some cases, the market participants (stock symbols) are at pre-pandemic share prices. Although there is no modeling that can predict how the economy will respond to the ongoing “Pandemic”…