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Aug 20, 2020

Where did all the bikes go?

There is a bike shortage, it’s global and it’s expected to go on for months. Also, Indeed online job postings are down about 20% compared to this time last year. And, hotels face mortgage delinquencies.

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A person walks with a bike in New York City. The coronavirus pandemic battered bicycle manufacturing but boosted demand.
A person walks with a bike in New York City. The coronavirus pandemic battered bicycle manufacturing but boosted demand.
Spencer Platt/Getty Images

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Where did all the bikes go?