by Summary:
Academic studies have found that past economic crises led to noticeable shifts in how consumers behave. Our research indicates that the economic impact of the COVID-19 crisis could lead to similar changes. What we’ve learned is that people around the world are thinking carefully about the future; they are searching for more financial stability, safety, and security amid rising uncertainty. Yet what has struck us most is how much those goals—and what they mean to people—have changed.... Hysteresis is likely to trump progress for a while, how long is uncertain. It is similar to the financial cycle that Minsky described. McKinseyThe careful economy
Topics:
Mike Norman considers the following as important:
This could be interesting, too:
Academic studies have found that past economic crises led to noticeable shifts in how consumers behave. Our research indicates that the economic impact of the COVID-19 crisis could lead to similar changes. What we’ve learned is that people around the world are thinking carefully about the future; they are searching for more financial stability, safety, and security amid rising uncertainty. Yet what has struck us most is how much those goals—and what they mean to people—have changed.... Hysteresis is likely to trump progress for a while, how long is uncertain. It is similar to the financial cycle that Minsky described. McKinseyThe careful economy
Topics:
Mike Norman considers the following as important:
This could be interesting, too:
Jodi Beggs writes Economists Do It With Models 1970-01-01 00:00:00
Mike Norman writes 24 per cent annual interest on time deposits: St Petersburg Travel Notes, installment three — Gilbert Doctorow
Lars Pålsson Syll writes Daniel Waldenströms rappakalja om ojämlikheten
Merijn T. Knibbe writes ´Fryslan boppe´. An in-depth inspirational analysis of work rewarded with the 2024 Riksbank prize in economic sciences.
Academic studies have found that past economic crises led to noticeable shifts in how consumers behave. Our research indicates that the economic impact of the COVID-19 crisis could lead to similar changes. What we’ve learned is that people around the world are thinking carefully about the future; they are searching for more financial stability, safety, and security amid rising uncertainty.
Yet what has struck us most is how much those goals—and what they mean to people—have changed....
Hysteresis is likely to trump progress for a while, how long is uncertain. It is similar to the financial cycle that Minsky described.
The careful economy