Harriet Torry
speaker
611 appearances
11 recordings
1 series
first heard Sep 2017
last heard Dec 2024
Harriet Torry’s voice in public audio — every appearance, attributed to the second.
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Appearances
WSJ Your Money Briefing · Consumers' Stimulus Dilemma: Spend, Save or Pay Down Debt? · 26 Jan 2021
podcast
What every economist will tell you is that the economic outlook hinges completely on the health crisis.
If there's no resolution of the health crisis, then there is no economic recovery, in a sense.
People have to be able to feel safe in order to go out and
go to the beach and go to the restaurants and go to the bars.
Without that, they're just not, you know, people are just going to remain holed up and too scared to travel and to mingle and to, you know, spend freely.
And that is definitely a warning that a lot of economists are saying, you know, the strength of this rebound, this expected rebound is going to hinge on how the vaccination program goes, really.
And most economists expect that it'll be sort of in the spring that people, you know, that maybe we get some sort of critical mass of numbers of people vaccinated and consumers start to feel a bit more comfortable about spreading their wings and perhaps returning to restaurants, returning to movie theatres and so on.
And for that to sort of gain momentum over the second half of the year.
I mean, who knows?
Maybe it won't be the spring.
Maybe it'll be more like, you know, the summer or even the fall.
But anyway.
they do see this coming.
And, you know, economists are hopeful that this money that people have saved up, which is really a lot of money, we're talking, you know, over a trillion dollars, more savings sort of sloshing around in people's bank accounts.
And
And, you know, after all these months of being in lockdown, people are really kind of raring to go in many ways.
You know, people want to go out and enjoy themselves and spend the money and travel and see relatives, visit people.
And just, you know, they think that this could give the economy really a big boost in growth.
President Biden is calling for this new for a new COVID relief package and that that would, you know, send out more money in the form of direct checks.
But it would also bring back extra insurance, unemployment insurance supplements that we did see at the beginning of the pandemic and that then they then sort of timed out over the summer.
Showing 281–300 of 611 · page 15 of 31
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