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You're absolutely correct that relatively small differences at the margin can have fairly large knock-on effects.

That said, I'm pretty sure the overall picture is that things didn't change as much post-pandemic as many predicted. Travel is pretty much back to normal. Dining out is somewhat back to normal--though you need to factor in inflation effects as well. If I drive into the nearest major city, traffic sure seems back to normal--especially mid-week. The shift to remote seen in tech is something of an outlier.





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