More Problems, More Money

Over the last 3 months, the U.S. Government has provided a huge stimulus to the economy – perhaps more than the economy lost from shutting down. On top of that, people had no where to spend money. The result? An enormous rise in deposits at banks.

Year-over-Year Change in Deposits, in Billions (Fed H.8)

Deposits are up almost **3** trillion dollars over the last year. This is currently how a lot of people feel:

The question is what happens with all of this money. If everyone tries to spend it at once, there could be a massive inflation issue.

Most COVID Cases in 6 Weeks

The US had over 31,5000 new COVID-19 cases today. This is the most cases in over 6 weeks. Here’s the comparison to Italy.

Comparison of US and Italy (+ 2 weeks)

The 7 day average is rising as well – cases are INCREASING in the U.S.

This is because of many states like AZ, TX, and FL. All of these states have serious problems that may only be solvable with another lockdown.