Category: supply and demand

After More Than a Year of Supply Issues, Demand Woes Have Taken Center Stage

August 4, 2022
Business & MarketsBusiness ColumnistseconomyinflationMarketsOpinionrecessionsupply and demandUSViewpoints
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Commentary  For more than a year now, the major economic story hasn’t been inflation but rather supply. This was primarily due to governments around the world overreacting to the pandemic, so businesses the world over found it exceedingly difficult to respond to recovering (sometimes boosted) economies. In very basic economics (small “e”), such inelasticity on…

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UC–Irvine Professor Shares Optimistic Economic Outlook

March 25, 2021
economic forecasteconomyhouse markethousinginflationOrange CountypandemicRegional-Local NewsshoppingSouthern Californiasupply and demandUniversity of California–IrvineUS
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A University of California–Irvine professor shared high financial hopes for Orange County and beyond during a March 25 presentation. During an event hosted by the Newport Beach Chamber of Commerce, economist Chris Schwarz forecasted the country bouncing back and returning to normalcy this year. “Things look really good for the economy,” he said. “I do think this is going to be a…

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