Thursday, July 1, 2021

Notes From All Over -- July 1, 2021

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:

Surprised? Still one of my favorite tweets. Link here


Investing: best energy dividend stocks of 2021, link to Alex Kimani.

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