Wednesday, February 10, 2021

Pent-Up Demand


This would probably be a bad time to remind everyone that my significant other cuts my hair now, does a more than adequate job of it, and will continue doing so in the future.

This would also be a bad time to point out that she is currently learning how to groom our Shih Tzu. We recently bought high-end dog clippers and a folding grooming table from Amazon.

This would defintely be a bad time to point out that it once cost 4 times more to groom our Shih Tzu than to groom me.

2 comments:

Anonymous said...

Would this be a bad time to point out that there is high-end demand for pent-up dog clippers?

Stagflationary Mark said...

Well, probably best not to point it out to professional dog groomers. *cringe*

The Fed wanted us to spend more money now. Mission accomplished. The dog clippers and table will pay for themselves in about 3 haircuts. Then what? Less spending overall.

I sure hope:

1. The Fed knows what it’s doing.
2. Our behavior is the exception and not the rule.

Roaring twenties is certainly possible, but this household certainly won’t be roaring. Hard to roar when real yields on long-term Treasuries are negative and the stock market is richly valued. Low expectations for the future, to say the least.