US economy:
- GDP:
- 2021: everyone agrees: 7%+;
- if that occurs it will be the fastest growth in "generations," certainly since the 1980s
- 2022: early indications: 5% (IMF); US bankers: 3.5%
- inflation hardly a worry -- although it won't be transitory
- market: gains of 40% this year (calendar year, 2021)
- it won't be 40% growth next year (2022) but it won't go back to single-digit growth easier
"Supplemental" unemployment insurance:
- will come to an end before the end of the year
- in the meantime,
- those folks not working will lose opportunity to fund retirement accounts; won't be "building" their social security accounts
- won't be "improving" their resumes unless they are using time to obtain college credits
- in other words, those folks who could work but don't work, have a lost year, possibly two to three lost years
- gap between investor class -- savings/spending class will continue to widen
Earnings season begins ... but I have to laugh. It seems earnings are reported throughiyt the entire quarter, certainly through the first six weeks of any given quarter.
Covid-19:
- cases by country;
- CDC reports today (?) that the 7-day average has increased by 10%:
- most common variant now being identified in the US is the Delta variant
- the CDC says the Delta variant is "hypertransmissible"
Surprised? Still one of my favorite tweets. Link here.
Investing: best energy dividend stocks of 2021, link to Alex Kimani.
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