Broken Charts The pandemic will be a distant memory for most people a decade from now. Twenty-five years from now, it will have faded even further into the recesses of our memories. Yet, for some people — those who analyze economic data — it will remain a constant sense of irritation for decades, maybe even centuries, to come. The economic effects of the pandemic are literally off the charts. Since 1950, the quarterly change in gross domestic product in the United States has averaged 3.3%. Some years it’s higher than that, some years it’s lower. But it doesn’t tend to...
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John J. Maxfield is a contributor for Bank Director magazine.