Calendar year 2021 produced what was a significant 12 months in the post-pandemic recovery. The underlying economy has kept improving and moving forward despite headwinds from inflation, supply chain disruptions, labor shortages, rising energy costs, continued pandemic concerns and a wide variety of other issues. Many of these issues are unresolved and will continue well into 2022 and potentially 2023. The bottom line is that the economy is continuing to recover from the pandemic shutdown; the U.S. consumers who drive our economy have income, savings and a desire to spend both, and there is no apparent recession on the horizon. Furthermore, as the pandemic proceeds through the Greek alphabet, the business community and overall human population has learned to adapt and will start to treat COVID-19 as an endemic illness.
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