Quote:
Originally Posted by Investing In Chicago
In the short term, inflation has been low because demand is low. There is so much new money entering the supply, but nowhere to spend it. I worry that is why the stock market has remained fairly constant over the past 6 months or so. Once the world opens back up, and people go back to their old spending habits, i think we will see people pull money out of the S&P and back into retail, which will drive up inflation.
Bear Market for stocks + inflation is why i'm doubling down on Bitcoin and other Crypto
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I hope so. We definitely need this to happen by later this year if we are going to see any of the new projects that have been proposed over the past year & gone through entitlements come to fruition.
Most of the construction that we are seeing now is momentum from the pre-Covid era, thus a lot of urban-loving observers probably just aren't viscerally aware of the multifamily/office/retail slowdown because we still see all of these cranes in the sky.
But our politicians/business leaders eventually
must get behind a concerted push to get COVID behind us, and bring confidence back to the consumer and office worker, or else those cranes are going to disappear and everybody is going to look at eachother like, "Uh oh...... what just happened?"
Which, this being the Politics thread, gets me back to Lightfoot and Pritzker. As long as I can remember (COVID feels like forever for me), they've been talking about Covid--understandably. But at some point, they will have an important task of bringing
confidence back to the local economies. Making it feel SAFE, and even desirable, for people and businesses to invest. They have their work cut out for them because the last year has been ABSOLUTELY DREADFUL for a lot of people. If I were a person mulling opening up a new restaurant, I would be very wary even in the post-COVID era, knowing that at any moment I can get shut down immediately. This was unthinkable just 1 year go.