The U.S. economy will not return to inflation levels seen prior to the COVID-19 pandemic, according to expert Jim Bianco.
The founder of Bianco Research made the comments during an interview with Real Vision’s Andreas Steno Larsen on July 29.
“We’ve entered a new economy, we’ve entered a post-COVID economy, it is not like the pre-COVID economy,” Bianco said, adding that more people working from home and various other things have “fundamentally changed this economy.”
“We don’t want to recognize that, we want to have an argument as to whether or not the economy has changed,” he added….