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Biden is looking at blowout growth even as Covid clouds the outlook again

Technology Manias – EᐯEᖇYTᕼIᑎG YOᑌ ᑎEEᗪ IᑎᗪEEᗪ

Republicans are portraying President Joe Biden’s Democrats as the party of “stagflation,” in a bid to recall the grim era of slow economic growth and skyrocketing prices that doomed Jimmy Carter’s presidency in 1980. Trouble is, the “stag” part of stagflation hasn’t shown up. And it may not anytime soon. Wall Street banks are busy jacking up their estimates for fourth-quarter economic growth to as much as 8 percent as pent-up demand following Covid lockdowns drives consumption and the economy steadily recovers more of the vast ground lost to the…

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