2021's wild price increases will soon give way to 2022's year of discounts, according to the economist who's studied the American shopper for decades
Inflation is the worst it's been since the early 1980s. But an award-winning expert on consumer behavior thinks it won't stay that way for long, as supply roars back, demand evaporates, and the shipping crisis is patched up.
and the following recovery. By using a consumer-centric approach over one that prioritizes top-down data, Sterne has decoded the COVID economy better than many peers for years.The Thanksgiving and The first part of the equation has to do with rebounding supply. New orders at manufacturers slowed in November while inventories climbed higher, according to leading industry surveys, with some firms stockpiling goods to counter the supply-chain crisis. The share of manufacturers with higher inventories is the largest it's been since 2010, signaling supply is finally picking up, Sterne said.
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