President-elect Joe Biden's COVID relief proposal includes investing $20 billion in a national vaccination program and $1,400 stimulus checks.
Biden is going to immediately push another $1.9T on top of the $2.4T of foreign stimulus hooey that was approved in late 2020.
The money printing won't stop anytime soon; Ray Dalio is right, cash is trash. As soon as you make it, buy investments. Peter Schiff is right about the printing, but he's wrong in that he thinks it will all go into gold prices. It's going to go into tech stocks, just like the previous rounds.
And of course bonds are tied to $USD, so they're trash as well. They won't crash soon though since apparently the Fed wants to keep interest rates at zero until 2023 at least.
We are riding such an enormous wave of inflation, it's just taking a long time to show up in cheap plastic goods at Target. For now it will show up in healthcare, higher education, housing, and most of all tech stocks.