Saturday, January 16, 2021 9:38:13 AM
The lockdowns that occurred in 2020 will be nothing like what we will experience in 2021, which will require additional deficit spending in the multi-trillions, with more unemployment, more Fed intervention, and much more death and hospital over-capacity.
Maybe the market keeps shrugging it off, moving toward ever higher highs? That part I guess depends on how high the Fed chooses to push it. I am not in this. Nor do I have other hedges. But I'm very heavily in cash, because I just don't want to get too involved in what I see as a house of cards.
Make sure you are pulling together your stores of toilet paper now rather than when the store shelves are empty.
I am obviously NOT an investment advisor.
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