Originally Posted by
nene
I guess I'd be the contrarian....the feds have been spending like a drunken sailor on a 401k loan. This inflation is a truly regressive tax that over time will kill the demand in many industries. We are doing everything to make sure oil stays high for quite some time, that's a huge tax that will effect all industries.
There was a pent up demand from the pandemic that we are working through, but unfortunately I sense that much like a party that has gone on a little too long, the hangover will strike and make many have a severe headache.
I truly hope you are right though, but I've been doing this long enough to see how demand/revenues can shrivel in a heartbeat and the airlines are left in a quandary with too much lift and too many employees in the span on one quarter.
CEO's and business media are also anticipating a mild recession.
It is true that there's a cost to all of the covid largess.
Also true that we are intentionally accepting at least some pain to put the stake in Uncle Vlad. I give the administration some pass on that because most Americans want to do it, including me. You can debate until you're blue in then face as to how much of the pain is due to pre-Biden covid assistance, post-Biden covid assistance, Biden policies in general, or RU sanctions. It's probably all of the above, but we shouldn't debate that here.