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  • bee October 2020
Here's a statement of the obvious: The opinions expressed here are those of the participants, not those of the Mutual Fund Observer. We cannot vouch for the accuracy or appropriateness of any of it, though we do encourage civility and good humor.

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Tale of Two Economies: Housing-Related Boom vs Pandemic-Challenged-Services Bust -- Ed Yardini

davfordavfor
in Other Investing
A bullish assessment of the rebound from the march lows and the prospects for the year ahead...
American consumers almost never disappoint us. I often have observed that when Americans are happy, they spend money and when they are depressed, they spend even more money—because shopping releases dopamine in our brains, which makes us feel good.

The October 2 update of the Atlanta Fed’s GDPNow model showed that Q3’s real GDP is tracking at a record jump of 34.6% (at a seasonally adjusted annual rate, or saar) following the record 31.4% drop during Q2. That’s certainly a V-shaped recovery so far.

...there is still enough “potential” fiscal stimulus left over to provide “kinetic” energy to consumer spending over the next few months, in our opinion.

The pace of the recovery is bound to slow in 2021, and there could be setbacks. However, so far, the recovery has been impressive.
blog.yardeni.com/2020/10/tale-of-two-economies-housing-related.html

Comments

  • beebee
    edited October 2020
    Mr Yardeni is interviewed on WealthTrack Oct 2, 2020:



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