Morgan Hounsel: U.S. Economy Could Boom in 2021 Like it Did in the Aftermath of World War II

Morgan Housel said the U.S. economy may be primed for a coronavirus recovery in 2021 that is most akin to the post-World War II boom. The former Wall Street Journal columnist emphasized that this was not his “baseline scenario” for an American economy that was severely damaged by the COVID-19 crisis. But, he added, “there’s so much pessimism of what’s going on, justified pessimism, that I think we underestimate how good 2021 could be going forward.”

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