Friends, With model values rapidly declining, I fully expect NBER to announce the end of the current recession soon. Current Values (as of March 8, 2021) Another Sign of Optimism In addition to good news about vaccines and jobs, it seems reassuring that individuals are travelling more on a day-to-day basis as well. In the United States, 2021 mobility (blue line) is actually exceeding 2019 levels, on a population-adjusted basis.
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