“Demand Destruction” Is Overblown: Why $80 Oil Today Equals $110 Oil in 2014

COVID-19 trends are still showing consistent improvement...The September jobs report came out Friday Morning and was disappointing at the headline. There were more reasons for optimism under the surface. We think the miss is more understandable when you consider that millions of people currently must stay home to take care of those with COVID. A close examination of labor markets also show that Travel and Leisure is not so significant for the wider economy given its proportion of total income.-...

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