Niall Ferguson Predicts Strong Economic Boom After the Pandemic
“US households have involuntarily saved around one trillion dollars in 2020. This money will be spent when it is possible again. There will be a shopping spree of gigantic proportions, and the savings rate in the US will return to its historical level.”
– Niall Ferguson, an economic historian teaching at Stanford University and successful author, in “There will be a shopping spree of gigantic proportions” (he predicts an economic boom after the end of the pandemic in 2021 and warns of inflation and mountains of debt), Handelsblatt, December 17, 2020