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The Transcripts

Succinct Summary: Most parts of the economy have normalized and the economic winners are booming.  Technology, cloud service and e-commerce are leading the way and other industries are surging as well.  Financial service firms focused on M&A advisory, trading and restructuring are seeing strong business.  The housing market is also on fire with new home sales up 32% y/y.  This week’s election and a renewed wave of COVID could dampen activity, but for now, the economy is doing remarkably well.  COVID may have led to structurally higher productivity.

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The Transcripts

Succinct Summary: This has been the most difficult crisis that the US has faced since most people can remember.  An economic recovery is underway but the pace of job growth may be slowing.  Companies in the hardest-hit industries are asking for more stimulus.

Editor’s Request: This weekly newsletter is made possible by donations from our readers. If you like what you are reading, click here to donate (Our suggested donation: $10 per month). Help us keep The Transcript going.

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