Northwood issues economic outlook

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Just over 607,000 Americans have died of the COVID-19 virus, with roughly 33.85 million Americans testing positive since inception in late 2019. The current U.S. COVID-19 mortality rate of 1.793% has been fairly steady with a strong downward trend over the last few months.

The S&P 500, Wilshire 5000, Dow Jones Industrial Average and NASDAQ have all reached and/or hovered around record levels over the last month. Many economists have been confused by the recent decline in the 10-Year U.S. Treasury Bond Yield which recently dipped below 1.3% before closing this past Friday at 1.3560, up 5.28% for the day. The confusion over the 10-Year U.S. Treasury Bond Yield comes from the fact that inflation in many areas of the U.S. economy is growing rapidly and the 10-Year U.S. Treasury Bond Yield (a bellwether measure for inflation) had been declining recently rather than increasing. The same can be said relative to the price of gold which closed at…

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