Skip to main content

Posts

Showing posts from July, 2021

Recovery and Markets: Fast, Furious and Fragile!

We managed to see latest "Fast and Furious" series movie - F9 in theaters (and couple of other movies like  "In the Heights" and "Quiet Place 2"). F9 was way over the top even for the series with rockets blasting car in space and so on...but that's the fun part of enjoying complete non-sense action movie or musicals on big screen. Last week we enjoyed the natural wonders at Yellowstone and Grand Teton National Parks. The planes, hotels, restaurants and even parks were full. Despite the crowds, it felt good to see life returning to normalcy. Economic recovery as well as stock market recovery since reaching bottom 15-16 months back has been Fast and Furious. Government and central banks acted fast to support the economy and citizens who were unemployed for no fault of theirs. With nearly $10T support with stimulus and Fed bond buying, employment situation is improving drastically along with economy. This has resulted in spectacular recovery in stock  mar