Veteran bull Ed Yardeni tells us why the US economy won't recover before the second half of 2022
Long-time bull Ed Yardeni doesn't think the US economy will recover to pre-pandemic levels before the second half of 2022. He told Business Insider:"I don't really see the economy returning back to its level at the end of 2019 until maybe the second half of 2022."
Yardeni is less bullish, having predicted a V-shaped recovery and a"melt-up" in stocks as recently as last month. Long-time bull Ed Yardeni, who predicted a V-shaped recovery for the US economy as recently as last month, has a very different message now. The world's largest economy won't see growth return to its pre-pandemic levels until the second half of 2022.
Yardeni, who is credited with coining the phrase"bond vigilantes" back in the 1980's, said he didn't see the economy returning back to where it was in late 2019 until"maybe the second half of 2022." He added:"It's going to be a long, long haul to get back to normal." 100 deals and $1 million in profit a year: Here's how Mike Simmons made a simple change to his real-estate investing strategy that took him from small-time house flipper to full-fledged mogulAfter a stomach-lurching drop in March, when the economic impact of the coronavirus became apparent, US blue-chip stocks have since recovered.
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