RE:RE:RE:inflation comingmarketsense wrote: We'll see about that. When people have money in their pockets, they tend to spend, not
save. The other caveat is how effective the Biden administration will be in combatting the
corona virus. If they can get a better handle on it, the US could get into economic
recovery mode which would counteract your rise in unemployment thesis. I guess the
it boils down to which has the greater effect. Doubling the min wage or being effective
in fighting the virus. I suggest eliminating the virus will be far greater than the other.
We are trying to solve this in our typical US way--throw money at it. People are not spending because the things they typically spend money on are unavailable to them--no vacations, cruises, pro sports, movies, concerts, etc. So now they are trying the new Las Vegas--the stock market. How else can you explain Tesla, which makes 500,000 cars annually being valued higher than the next six car makers combined? People are playing craps with their stimulus checks and they THINK it is investing.
Elon Musk ought to buy as many companies as he can right now with his Tesla stock. It won't be valued at this level for long.