Mixed Grill

The caboose is the person who is the last to know about things. The person who bought bitcoin at $19,000 back in 2017. Hey, have you heard about this new thing called bitcoin? Yes, my friend, you are the caboose.

This doesn’t even take that big of an imagination. With regard to travel, think of the airlines. They have furloughed a lot of pilots, flight attendants, and mechanics. They have taken a lot of planes out of service. They are sitting in the desert. It will take time to bring this capacity back online, and in the intervening time period, the surge in demand will cause a huge increase in fares—and profit margins.

If you want to know what the post-COVID world is going to look like, it is exactly like the pre-COVID world, except with less saving and more consumption. And more inflation.

For the time being, all of this stuff looks like Mixed Grill. Ever seen a cat try to bury his cat food? They are telling you that it is poop.

Next time someone tells you that Zoom (ZMis their big idea, you can think silently to yourself that they are the caboose.

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Disclaimer: The Mauldin Economics website, Yield Shark, Thoughts from the Frontline, Patrick Cox’s Tech Digest, Outside the Box, Over My Shoulder, World Money Analyst, Street Freak, Just One ...

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