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:

• 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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