Pent Up Demand and The Upcoming Roaring '20s
 

I know, I know - simplistic and trite but...

It may work out just like that!

We're basically asocial hermits but I can't wait to hang out with some friends and family. Hell, I'd be up for a cruise through the Inland Passage at this point.

Hmmmm, I should book something like a couple weeks in Negril with a side trip to the Appleton rum distillery and my old school in Kingston, Mona Prep.

Come up for a visit, I may know a local guy that could host you. ;)

http://oregondistillerytrail.com/

I had that same thought just the other day, Bob. I think it's gonna bust loose.

Economists bullish on Biden's $3 trillion infrastructure plan

https://www.axios.com/biden-infrastr...a4794bc2b.html

Of course Moscow Mitch will do his very worst to avoid actually helping the 99%... :mad:

Inflation?

"The U.S. economy added 916,000 jobs last month, as coronavirus vaccine distribution improved, Congress approved a $1.9 trillion stimulus package, and states across the country lifted restrictions on businesses.

The unemployment rate edged down to 6 percent from 6.2 percent in February, according to the monthly report from the Bureau of Labor Statistics.

The report comes a year after the pandemic threw the U.S. economy into a tailspin.

The labor market recovered about 12 million of the 22 million jobs lost in the first two months of the pandemic by October. But the pace of the recovery had slowed drastically by then, and it churned sluggishly through winter as the virus surged through the holidays and into the New Year." WP

https://www.washingtonpost.com/busin...ment-stimulus/

Things are finally getting a little better after a year from hell.

Biden’s Latest Surprise Boost for Oil Involves Lots of Asphalt

https://finance.yahoo.com/news/oil-s...211048365.html

Interesting story. Big Oil companies are major contributors to Repubes. This will force Moscow Mitch and his thugs to think twice about blocking Biden's infrastructure plans.

Oh they'll think twice and still try to block it. You know, because Democrats.

Since $3 trillion is the plan, one can reasonably expect that it will evolve to say a $9 trillion reality. This implies more printing of fiat.


There is a big difference in the dollar's reach and spread from government spending in comparing the new deal era to now. For instance, road building once carried a crowd; not anymore.

Another significant difference re new deal era versus now: The new deal era - a dollar spent in America usually put Americans to work; now - the spent dollar (just looking at Walmart) seems to employ a significant amount of Chinese. That aspect won't change in the near to medium future.

A look at California's construction of a high-speed rail.
https://city-journal.org/high-costs-...igh-speed-rail

It's good to consider critically. I doubt if the sort of cost growth associated with weapon system programs with ambitious technological goals will be seen here. Speaking of defense, the truly radical ( in our lifetimes) part is spending on this level not for military purposes, but for direct civilian benefit. Defense spending was often justified in part by it's domestic economic benefit, we should get a lot more bang for the buck in that respect here.

It is high time to reverse decades of increasing austerity in domestic spending. The Reagan dictum that 'government is the problem' is basically a lie, serving the money-hoarding class.

Wall Street roars to new records ahead of earnings season

https://finance.yahoo.com/news/stock...221441259.html

...because, of course, ol' "Sleepy Joe" is a commie who's going to destroy the economy! :D

What explains the widening gap between Wall Street and Main Street.

https://thehill.com/opinion/finance/...in-street?rl=1

Stocks jump, S&P 500 and Dow hit record highs after retail sales, jobless claims top estimates

https://finance.yahoo.com/news/stock...221220587.html

Retail sales WAY up, jobless claims WAY down. Main street recovering just fine. Because of ol' Commie Joe, lol. What WILL the Repubes do? ROFL.

How fast is the economy recovering?

What is its character?

https://projects.fivethirtyeight.com...y-coronavirus/

Ignorance.

Too many American workers do not take their 401k or investing seriously. They don't understand how the stock market works because they have not been adequately educated and consequently, don't trust it. They under invest if they invest at all. I work with a bunch of guys, younger Baby Boomers in their 50s and 60s, who've waited until NOW to start worrying about retirement. If retirement age is only 5 years away...........buddy, it's too late. So they're all dumping petty cash, $100 or so here and there into these gimmicky bitcoin cryptocurrency stocks and hoping to make stupid money, fast. Either that or they're finding excuses to collect disability. Makes me sad.

I see big problems coming when all these people get too old for work and have done absolutely ZERO to prepare.

Me? I started putting everything I could in my first 401k in 1991. Today, I'm 57, have two 401ks worth a total of approximately $750k and plan to retire at 60. They want to know what my "secret" is.............:rolleyes:

I wish I had put even more into my 401k. Even as it was there was enough there that when I had to retire early on disability I could pay off my house.

The fact is for more then a few the 401K when enacted was meant as a supplement for a employer backed retirement. Never a standalone, what it has become for the majority of workers now.
Then add the stagnant wages and rising costs the 401K is used as a emergency source of funds.

We were lucky to both have a old employer supplied retirement along with 401K. Never need to "borrow" from the 401K and fully funded the accounts. Thank you organized labor once again!

Essentially correct!

The basic idea of a pension was to save workers from themselves and the vagaries of an economy.

U.S. Jobless Claims Fall to Pandemic Low as Economy Accelerates

https://www.bloomberg.com/news/artic...h-pandemic-low

What a difference competent leadership makes. Thank you, Joe! Surely Trumpkins must be waking up to the fact that their Dear Leader lied to them. :rolleyes:

Biden - Reversing a decade of underinvestment in America - Reasserting the leading role of the state in economics.

https://theguardian.com/commentisfre...spending-plans

A good read. Thanks Don.

You give them too much credit, way too much. So programmed of his "greatness", without even being prompted, they'll give Rump the credit for the good numbers.

U.S. consumer confidence vaults to 14-month high in April

https://finance.yahoo.com/news/u-con...141118476.html

Huh. Must be more of that "fake news", eh Trumpkins? :rolleyes:

The economy grew 6.4% in Q1 as stimulus checks, COVID shots, looser business constraints spurred more spending

https://finance.yahoo.com/news/econo...123338704.html

Thank you, Joe! This is showing emphatically that the Repubes were lying all along about the economy...

Stocks jump to record highs after Biden unveils ambitious proposals, earnings top estimates

https://finance.yahoo.com/news/stock...221727019.html

...and the hits just keep on comin'...

Biden Wants To Go Tough On Wall Street. The Response? The Best Rally Since FDR

https://www.npr.org/2021/05/01/99216...ally-since-fdr

Sorry, Trumpkin idiots. You've been conned by Don.

Sorry? Not sorry. We told them so.

Stocks post record run under Biden

https://finance.yahoo.com/news/stock...040105906.html

There is a lot of confidence in the economy under President Biden, even the Feds predicting an economic boom and interest rates promised/projected to be kept low at least till 2022. This has given small companies like ours the incentive to invest significant amounts of money on capital equipment and even some of the major equipment vendors are helping to arrange financing or self financing at very favorable rates. Nothing is promised but the outlook is very good and besides, the high rate of vaccination in California is a confidence booster.

The American economy is booming, and so is business optimism

https://finance.yahoo.com/news/busin...100020451.html

What a difference an election makes! :D

U.S. weekly jobless claims hit 17-month low; unemployment rolls shrink

https://www.fidelity.com/news/articl...2FK1AC-OUSBS_1

Yep, Uncle Joe's a soci@list, fer sure! :rolleyes:

October jobs report: Payrolls grew by 531,000 as unemployment rate fell to 4.6%

https://finance.yahoo.com/news/octob...180531280.html

Huh. So Donny was lying!? :rolleyes:

Weekly jobless claims total 199,000, reaching the lowest since 1969

https://finance.yahoo.com/news/weekl...175525622.html

Meanwhile, the population has grown substantially, so this is even more impressive. Thanks, Joe!

I've been retired for a couple of years, but the demand for workers is so great, I'm being actively recruited to consult. Don't need the money, but who knows?

U.S. trade deficit shrinks as exports surge to record high

https://finance.yahoo.com/news/u-tra...153054133.html

Dang commie Biden regime! :D

https://www.rawstory.com/joe-biden-economy-2656076844/

The Biden Economy. :cool:

Video Compilation of Fox's Dire Job Projections Goes Viral After Monster Jobs Report Released

https://secondnexus.com/fox-jobs-report-bracing-january

Ah, Faux "News". Misinforming millions daily.

Lest we forget, the original Roaring Twenties gave us the Great Depression.

The post Covid boom is putting inflationary pressures on the economy that have been held in check this century. The Fed is raising interest rates which will push prices higher and significantly increase our debt interest payments.