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If these vaccines all work as Bill Gates predicts, I think we'll see an explosion of economic growth in 2Q and 3Q 2021 due to the pent-up demand of COVID-delayed consumer spending.
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Has there been a lack of consumer spending due to Covid? Seems to me the point of the OP of this thread was we've been on a buying binge. Perhaps the explosion we will see post covid is not spending, but dealing with the bills we've been wracking up while we couldn't do much besides spend.


Every month the government (BEA, Bureau of Economic Analysis) puts out a report called Personal Income and Outlays. The most recent one showed that total personal income for September was $19.8 trillion, 3.7% higher than it was in February before the corona crash.

Personal savings were up a whopping 81%.

www.bea.gov/sites/default/files/2020-10/pi0920.pdf

DB2
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