As the New Year begins, there are significant changes already in process that will shape what the “New Normal” will look like economically. Regional Fed Services Indexes Universal Value AdvisorsFinancial MarketsAs indicated above, equity markets closed 2020 at record highs. As a result, in the upcoming scenario of “return to normal,” the growth rates of these significant items are likely to be below their historic norms. In addition, trends are now emerging which give us some clues as to what the “New Normal” may look like as time passes. One such trend is the rapid exodus of businesses and wealthy individual from high tax/high cost states to more business-friendly ones.

Source: Forbes January 03, 2021 02:37 UTC