About 3-4 weeks ago, I first noticed it in my neighborhood. Yes, people are being laid off like crazy. Yes, everyone is in a lot of pain. But for the first time I really saw general public joke about it. The expectations got adjusted and many people just said it is time to move on with our lives.
The stores are doing less deep discounting. The credit and inflation are starting to pickup. In light of that, my biggest fear with regard to US economy at this point is that the economy will spiral in to inflation. So, now is the time to move out of liquidity and in to fixed assets. There will be a tremendous and quick shift in that direction.
When they officially announce that recession ended in the end of February, beginning of March, six months from now, remember that you heard it here first…
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