The US economy is still running on a post-COVID sugar high that’s about to run out

Busiiness Insider/Ben Winck and Madison Hoff/10-19-2022

Cartoon courtesy of MichaelPRamirez.com

“The US economy’s post-pandemic party is over. Strap in for a pretty nasty comedown.”

USAGOLD note: There is yin and yang to economic life that too many ignore. Economies are not linear but cyclical, and there has been enough in the way of warnings from prominent individuals to warrant being concerned about the next bend in the road. Next year, says BI, will feel “miserable.” The stimulus that helped the US economy rocket out of its early 2020s funk came at price – inflation and Fed policies to tame it.