Aug 19, 2021
Summary:
Today, Mish walks us through some of the effects of the lockdowns
and the variant on the economy. We talk about stimulus checks, and
some of the negative impacts on businesses and the economy in
turn—everything is down in the real economy at the moment. Mish
also highlights the significance of inflation: the disruption in
the supply chain is real and it’s affecting everything. We talk
about some of the indicators of these phenomena, and other
interesting insights that allow us to better understand the current
obstacles in the market.
Highlights:
-Mish talks to us about what is happening with DOW and Nasdaq, and
how the fed will do whatever it takes to ensure that the economy
will not falter—which translates to buying stocks.
-Is the Delta variant going to bring down the stock market and
economy?
-There could be more pressure in terms of proving that you’re
vaccinated
-The market is dismissing the Delta variant because it is concerned
with the fed
-In the real economy, everything is down, but the stimulus should
bring it up
-With the iminent end of stimmies, will we see a rebound in
hiring?
-Investing is something that people have become involved in during
COVID in light of receiving stimulus
-September and October are dangerous months for the stock
market
-Big banks want employees back; tech companies are okay with remote
working
-People are still hiring with many incentives, and the labor
shortage is still very much as play—especially in hospitality
-Inflation is still at play as well—the disruption in the supply
chain is real and it’s affecting everything
-Mish uses sugar as a barometer for inflation—it is a lead
indicator
-Inflation is something that people should not forget about, and
the impact on the market could be more significant than
anything
-Mish says Bitcoin and Ethereum are the grandma and grandpa of
crypto, but that the whole space is going to continue to be
exciting
-We have had seven crashes in Bitcoin, and we don’t know if this
one is over or not
Useful Links:
Financial
Survival Network
Mish Schneider on Twitter
MarketGuage