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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.

Disclaimer: this is not an investment site.  Do not make any investment, financial, job, career, travel, or relationship decisions based on what you read here or think you may have read here.

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