Jul 16, 2021
2022 Economic forecast
Government spending has been out of control for over a decade. Naresh is extremely optimistic that when it comes to jobs, GDP and increased economic opportunity. He’s sees the recovery being led by jobs and a rise in wages, for the first time in decades. For example Chipoltle has seen wages rise dramatically, with a starting salary of $14-15 per hour. Even McDonalds has upped their starting wages substantially. And this is across the board. Anyone who wants a job or is looking to change jobs.
What is transitory inflation and why should you care? Naresh believes it's coming down, we believe its going higher still. Who will be right or perhaps we both will.
Crypto investors, wait for the shake-out. Most are worthless the top tier will live to fight another day.