Re:The Pandemic Boom Goes Bust
by lamontcg on Saturday January 29, 2022 @01:36PM
(#30128997)
> driven partly by a newly-tight labour market in which people can actually negotiate incomes upward
This is the big point I think the title article is missing. And I think its going to take some time for the bubble to pop, they tend to be self-sustaining, but it may shift its focus off of Peloton and the winners early in the pandemic. I wouldn't bet against TSLA right now.
There's likely to be another boom later this year as Omicron goes away (even if we get another wave later) driven by positive emotions. Right now all the animal spirits are maximally negative and they're pretty poised for a reversal.
The Fed also won't act sharply enough to spike unemployment this year.
This is the big point I think the title article is missing. And I think its going to take some time for the bubble to pop, they tend to be self-sustaining, but it may shift its focus off of Peloton and the winners early in the pandemic. I wouldn't bet against TSLA right now.
There's likely to be another boom later this year as Omicron goes away (even if we get another wave later) driven by positive emotions. Right now all the animal spirits are maximally negative and they're pretty poised for a reversal.
The Fed also won't act sharply enough to spike unemployment this year.