Tag: pandemic recession
Why So Many COVID Predictions Were Wrong
Updated at 12:13 p.m. ET on April 7, 2022.
As many prominent policy makers reckon uncomfortably with persistent inflation after months of forecasting that the phenomenon would be transitory, I’ve started making a list of other pandemic predictions about the economy that never materialized. There was the eviction tsunami and the “she-cession” and the housing-market crash, and you can’t forget the state- and local-government deficit explosion. In each case, expectations set by economists, policy makers, advocates, and businesses have
Boris Johnson Has Lost His Mojo
By April 1968, Charles de Gaulle was bored. “None of this amuses me anymore,” the French president told his aide-de-camp, Admiral François Flohic. “There is no longer anything difficult or heroic to do.” Over the previous decade, de Gaulle had returned from political exile to save the country from military insurrection, killed off the Fourth Republic, created the Fifth, ended the creeping civil war over Algeria and negotiated its independence, vetoed Britain’s application to join the European Common Market,