Had to look up hysteresis: https://www.investopedia.com/terms/h/hysteresis.aspPoint is, hysteresis. DOWN and big down, then up for easy free money then down................but has it been two years since climbing out? No. We climbed out and oops...................
"Hysteresis in the field of economics refers to an event in the economy that persists even after the factors that led to that event have been removed or otherwise run their course. Hysteresis often occurs following extreme or prolonged economic events such as an economic crash or recession. After a recession, for example, the unemployment rate may continue to increase despite growth in the economy and the technical end of the recession."
We may have climbed up a few rungs, but never out. And, the pandemic has not run it's course yet, as the above definition describes. Other countries that are big suppliers to the U.S. are still locking down. The perfect storm is still building.
Do any armchair quarterbacks here have a solution?