Economic Commentary Supply and Demand. The law of supply and demand is a bastion of capitalism. During the pandemic, we have never before seen this law so vividly in action. Take the price of oil. Before the pandemic, the price of oil was over $60 per barrel. When the economy halted, demand plummeted and the price fell to just over...” Read MorePosted by starwest
September 14, 2021 – COVID 18 Months Later. The economy has moved closer to normal, and we have had strong growth in the first half of the year.
Economic Commentary COVID 18 Months Later. In March of 2020 when the economy shut down due to the pandemic, few thought we would be dealing with the after-effects one and a half years later. In truth, we could not see the pandemic coming and we did not clearly see the future of the pandemic. As vaccinations have progressed, the economy...” Read MorePosted by starwest
Economic Commentary Jobs Report Released. The last two employment reports have been very strong, bolstering consumer confidence and giving the economy some momentum as the summer wore on. Meanwhile, the Delta variant continues to grow providing trepidation concerning the future of the economy as the year wears on. Released on Friday, the August jobs report was not likely influenced much...” Read MorePosted by starwest