Odd Lots

We’re Paying a Long-Lasting Price for the Short 2020 Recession

The Covid recession was only two months, but the supply-side damage was substantial.

Emissions rise from the Valero Energy Corp. oil refinery in Memphis, Tennessee, U.S., on Wednesday, Feb. 16, 2022. 

Photographer: Luke Sharrett/Bloomberg
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The 2008 financial crisis combined with the long, slow recovery in its wake hurt the economy in lots of ways — and we’re sill paying the price today.

Here’s a joke on Twitter that captures this dynamic.