Warning-No data whatsoever just thoughts.
This might not be strictly investing as the economy is not the stock market and the stock market is not the economy. In fact, this is just me creating conversation as I want to know the opinion of the community. Nonetheless, it does help to look at the current economic cycle we are in and what the future holds for the economy the companies we invest in are also part of. I was just talking to a fellow investor who says the economy is in an awful place and said he is cash hoarding. All things which were obscene to me as inflation is coming and cash is trash during inflation and because inflation is a sign of a ramping up economy considering the demand we are facing. I explained all this to him to no avail. He also mentioned the high unemployment, which I explained could go down as people are prepared to return slowly in particular when schools return and they can drop off their kids at school and go work. All in all, I could not convince him and he remained pessimistic. Therefore, I want to know what you guys think. Could be a total shit post and if that’s the case sorry.
Submitted May 18, 2021 at 08:25PM by bumsdelight https://ift.tt/2Rxuu13
