So we are finally getting wage inflation. Near were i live, fast food jobs are now paying $18/hr, with bonuses around $1000 for accepting a job. This will finally get the federal reserve to taper and raise interest rates, because although they want price inflation, they don't want you to be EARNING more money.
No one wants to work because unemployment pays $26/hr. So even at the high rate, it still almost doesn't make sense to work. Anyone who says the unemployment benefits is not causing a labor shortage is not looking. Almost everyone is paying bonuses to work. And still no one can find workers.
And the stock market is still at all time highs. But in September all that goes away and no one will have an extra $300 a week to buy call options, so we might actually crash in October. I will keep my money in cash and wait to buy in November.
But a crash will be a good thing. We won't be able to buy as much crap from china/SE Asia and maybe people will have to start working again and producing things. We can't keep going deeper and deeper in debt and expect the dollar to keep its value.
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