Remember that This is the government our founders warned us about shirt1 savings peaked during the pandemic: At the same time, spending plummeted, naturally. What we’re seeing now is mainly those savings coming into the market driving demand for goods that are still in short supply. There’s no reason for that to be a long term thing, because those savings will stabilize and production will increase to meet demand.
This is the government our founders warned us about shirt1 and ladies tee
I’m suggesting that This is the government our founders warned us about shirt1 asset prices (across the board) are supporting spending this time around. When you have record home prices, record equities, probably close to record bond prices yielding nothing, pushing consumers to chase yield in other places like crypto, spacs, etc. there are inevitably going to feel more comfortable spending, liquidating assets and spending, etc.This is the government our founders warned us about shirt1, hoodie, sweater and long sleeve
my point is that This is the government our founders warned us about shirt1 with disposable income, are also those benefiting from higher asset prices. And that the feds monetary stimulus is sustaining consumer spending and that discounting higher asset prices this time around wouldn’t be correct. Simply stated, I don’t think this is simply transitory and caused only by increased pandemic savings outstripping pandemic supply issues.
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