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Re: Sojourner55 post# 359428

Thursday, 03/04/2021 2:31:03 PM

Thursday, March 04, 2021 2:31:03 PM

Post# of 724272
I think the rates are ahead of reality. Far ahead. I expect the damage from the pandemic is not fully known yet and will be incredibly deflationary, despite the stimulus. There is a lot yet to be worked out in terms of real estate, a huge economic sector, and retail.

Plus the increase in minimum wage, which I do not believe will actually be hugely inflationary, once it is absorbed, has not happened yet and may not happen for a while. Plus it is staggered and delayed.

I think the market is sometimes too smart for itself. We’ll see.

The volume here has been low, yet MM’s are walking it down, and I agree, it’s intended to shakeout shares from the hands of the weakest holders and from late investors.
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