The Party Just Started
January 24, 2021
Picture this. It’s a pleasant summer night above a rooftop on any nondescript brick building that’s been fashionably remodeled and located in a gentrifying city. Festooned with lights and bedecked with the most stable of furniture to be danced on, we can see healthy beautiful people milling about at a party. Chatting, laughing, celebrating their best lives and enjoying the afterglow of having survived/endured a global pandemic. You’ve been invited. In fact, you’ve arrived. You’re in the building as we write. Once the owner buzzed you in and gave you the pre-party vaccine jab, you were set. Stepping into the elevator you and your anticipation rise into the sky. You’re savoring the last moments of silence before the fun begins, because once that elevator door opens . . . everyone will scream your name.
We’ve spoken about this party before, they’re the beer commercial ones filled with so many multicultural friends that it makes you wonder how they all met. The ones where you finally understand why Brazilian blowouts exists and cool handshakes need to be rehearsed. It’s the one where TINA (There Is No Alternative) and her friend FOMO (Fear of Missing Out) always get invited to because it’s THE party. It is awesome, and post-COVID? It’s glorious. You’re going to have the time of your life.
As the night continues, you suddenly hear the distinct sound of rotors slapping against the air. Feint at first, but getting louder. Everyone does. Eyes turns skyward, and as you see it you realize, whoa . . . it’s big, it’s sparkly and it’s very blue. It’s a fast flying fiscal helicopter, powered by Democrat good-vibes with friendly pilots in both chambers of Congress. Once it stops to hover, the side door opens and when it does the crowd gasps, and then it cheers because standing and waving? It’s President Biden. He’s all kinds of wonderful cuz he’s not the orange fella. Surprisingly strong too as he lifts and tosses stacks of green paper down on your party. These aren’t leaflets mind you, they’re dollar bills baby, and Joe’s making it rain. This is the ultimate Oprah-Christmas episode, but instead of a Harpo production it’s real life. Biden’s pointing at everyone and with the power of a central bank arm, he’s shooting dollars like the world’s ultimate t-shirt cannon. Unemployed? Boom! Small Business? Boom! You got kids? Boom! Just because? Boom!
“I hope this never ends,” shouts the girl standing next to you. “Don’t worry, it’s just beginning,” you shout back. You know, because you’ve checked. Rumor has it he’s planning to do this all night. Multiple trips! This first run isn’t even his, he’s only distributing the stimulus bill passed in December. It’s the Christmas rain-check finally made good. The crumbs a miserly McConnell tossed us while muttering humbug. For his next trip, he’s planning to reload $1.9T. As it passes Congress sometime in February/ March, look for it to drop in Q2. After that? Infrastructure! Greenbacks for green energy. $2-3T. Expect that in April/May, so full impact in Q3. Spaced apart properly, these Jello shots of fiscal adrenaline will undoubtedly resuscitate our COVID-arrested economy, or get us hammered. More vaccinations drives more demand, and more stimulus intensifies that demand. More morphs to MOAR . . . and like any good DJ knows, the music and the intensity should always build.
“Dang, where does all this come from?” you hear someone ask . . . “who cares?! It’s freeeee!” says another.
Money supply in 2020 increased by 25% . . . 25%! $5 Trillion. What took decades and decades to print, took 12 months to digitally slingshot to the moon. Arguably most of this was necessary to bridge us to a COVID recovery, a pre-party if you will, but 2021? The next $5 Trillion? Well if you have to ask, you just don’t get it. We need to keep this buzz going so let’s drop that within the next 6 months.
One older guy, who you heard may actually be a prince, but goes by Chuck says “I’ve seen this before . . . and [a]s long as the music is playing, you’ve got to get up and dance.” Yeah . . . that’s it. Just enjoy it. Let the music take, let the liquidity numb you, because this party? It’s gonna be sooo EPIC.