Remember that That first step off your right horse is going to be a bitch honey tuck and roll shirt 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.
That first step off your right horse is going to be a bitch honey tuck and roll shirt and ladies tee
I’m suggesting that That first step off your right horse is going to be a bitch honey tuck and roll shirt 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.That first step off your right horse is going to be a bitch honey tuck and roll shirt, hoodie, sweater and long sleeve
my point is that That first step off your right horse is going to be a bitch honey tuck and roll shirt 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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