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The fear of the economic downturn has passed

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Most of our markets revolve around a short period of time. This is true of the debate over rising prices. More than a week ago showed US prices rising sharply for 13 years. This has led everyone to leave high-income investors to restaurants and hotel owners, who now find it necessary to do so give more for those who previously had low wages, anxiety and high income.

But a firm hand is quick. These early signs of rising prices are more indicative of future futures for livestock than any other long-distance route. Barriers to the sale of subsidies will soon be simplified, as they did in 2020 with self-defense equipment. Buying cars and vacations is reduced due to the epidemic of money splurge passing. And today’s high-paying food processors can be replaced by tomorrow’s convenience machines: see how many summer trips are already booking their airline orders for the iPad.

What we are not talking about enough – and what will be very important and difficult to predict – is how technology, demographic change, and how it works in real estate, can affect economic growth. This is very important for workers, companies and commodity prices.

Think first of all the changes that Americans want to live and work in. Some of the cheapest parts in the south and west of the US have seen the file population who once lived in low-cost coastal cities but are no longer housed in their offices. But this is a new change. Many of the people leaving expensive New York or Bay Area homes are moving to affordable cities nearby, or to nearby towns and rural areas – not within the US.

It is everyone’s opinion of how long this change will take. If cities without a bank cannot afford government services or education, some urban dwellers – especially those with children – can move out of all the cities. But some who are already back may now go wirelessly to their favorite theaters or restaurants.

Either way, “temporary migrationIt has led to a rise in house prices by 24% a year. Prior to the epidemic, housing shortages as measured in rent are similar to causes part of the US economic lions. As Daniel Alpert of Westwood Capital put it: “While house prices may fall if inflation continues and interest rates rise, eventually higher prices that have paid for housing since mid-2020 will be reflected in the same rates and rents.” This, as he told me, will “restore” any decline in the price of certain goods and services.

Money has told us don’t worry about inflation: things will stabilize after six months or so, when payments are released and summer growth is over. But other surgeries may begin, such as breathing for boomers after earning $ 35tn in things they start giving money to their children.

Some believe that this will have a profound effect on inflation, to the point where the money that comes out of the financial markets and destroys real money – be it housing, cars, health care or education. Some think that moving in such a way would be very economical unpublished: longevity will cost more retirement, and much of the rest will go to the richest who can only waste too much.

Which, if any, could temporarily reducing economic weakness? One way is that if more workers produce more goods and services for people to eat. Without it, you have more demands than suppliers, which is why inflation goes up. The services must also be paid in full to facilitate use.

This leads us to one of the most difficult of all long-term issues: the future of work. The plague has accelerated the production of digital for everything. I think this will make for a stronger world economy.

Corporate marketing on “intangible” things like smartphones and software he rose very high during the plague. Facilitator research last year and McKinsey, consultants, found that three out of four respondents in North America and Europe are expected to help raise money over the next four years. This is up from 55% between 2014 and 2019.

These types of businesses increase productivity but labor productivity, and fewer jobs are lacking what is needed. Combined with digitization, this can lead to lower prices, including services such as medicine and education. Along with the house, these jobs are often occupied many manufacturing units among OECD countries, including the US.

Fruits driven by technology can be meaningless. So too if there are a lot of employees who can use these new technologies in their work. In the same way, government funding for rehabilitation will do this. By turning low-income earners into high-income jobs, utilization is likely to increase even though prices may fall in some areas such as medical care. The demand for this is growing exponentially with growth, yet the services offered here are not practical or well-paid.

Establishing such a fund in the “managed economy” is what motivates Joe Biden’s management. Let’s wait for it to end. Otherwise, if nothing can change, we can see digital businesses that cater to the lowest paid population – and the cost of living and working among the middle class will continue to rise.

rana.foroohar@ft.com

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