At least four major factors are terrifying economists and weighing on the recovery:

4 min readNov 28, 2020

Buffett went on to say he seems all but “wired for capital allocation, and being wired for capital allocation two hundred years ago in Nebraska wouldn’t have meant a thing.”

The American economy is reopening. In Alabama, gyms are back in business. In Georgia, restaurants are seating customers again. In Texas, the bars are packed. And in Vermont, the stay-at-home order has been lifted. People are still frightened. Americans are still dying. But the next, queasy phase of the coronavirus pandemic is upon us. And it seems likely that the financial nadir, the point at which the economy stops collapsing and begins growing again, has passed.

Excitement about reopening aside, that third and most miserable course is the one we appear to be on. The country will rebound, as things reopen. The bounce will seem remarkable, given how big the drop was: Retail sales rose 18 percent in May, and the economy added 2.5 million jobs. But absent dramatic policy action, a pandemic depression is possible: the Congressional Budget Office anticipates that the American economy will generate $8 trillion less in economic activity over the next decade than it projected just a few months ago, and that a full recovery might not take hold until the 2030s.

Check in with yourself and listen to yellow flags. Do they come across as violent and angry? Did you feel more or less safe when they helped protect you? If you ever feel unsafe, please use these resources or similar ones.

When America is more gloomy than ever, I decided to look at some small, and big, habits we could borrow from the citizens of the country voted second happiest in the world.

When adjusting to life in Copenhagen, I noticed that things were very different in Denmark from back home in New York City. Locals seemed more relaxed, less addicted to their phones, more present with one another. Streets were quieter, shops and restaurants played gentle music on low volume. It’s almost as if people there didn’t need distractions from their reality.

I’m on the cusp of something spiritual and I don’t know what it is. I’m not ready to call that God. I don’t know if I’ll ever be there. It’s going to take a heavy amount of thought and learning but it’s about time I did some of that work.

In those moments, I understand why people believe in God. It makes sense to me that people pray. There are moments we all feel lost and confused. We’re looking for an outcome in our lives that leads us to the life we know we’re supposed to be living but can’t always see the path there.

I myself was cautious to get on a bike in Copenhagen. But when I finally did, I felt like a kid again. Exhilarated, I cycled as far as I could and never spent another day without my bike. Rain or shine, sober or drunk, we rode together. These were some of my life’s happiest moments.

Remember that it’s okay to make mistakes sometimes, especially if we learn from them. However, also remember that not every bad thing is your fault, and people shouldn’t unfairly put the blame upon you or make you feel bad. You deserve to feel happy and be treated right, and if not, you may want to let go of the relationship.

At least four major factors are terrifying economists and weighing on the recovery:

Written by Srsajol ehrerr

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