Economy

Tilman Fertitta sees another ‘Roaring Twenties’ for economy post-Covid

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Billionaire restaurateur and casino operator Tilman Fertitta told CNBC on Tuesday he expects strong consumer spending to fuel the U.S. economic recovery from the coronavirus pandemic.

“The consumer is coming back. I’m telling you, where we can do business, we are doing business,” the Landry’s chairman and chief executive said on “Power Lunch.”

“This is going to be the ‘Roaring Twenties.’ You can just see it,” added Fertitta, referring to the period of economic expansion that occurred in the 1920s in the wake of World War I and the 1918 flu pandemic.

Consumer spending now accounts for more than two-thirds of the country’s economic activity. The U.S. economy has been battered by the Covid…



Source cnbc.com

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