The Two Sides of the Coin in Normalization
The Dividend Cafe
The Dividend Cafe - The Bahnsen Group
4.9 • 572 Ratings
🗓️ 16 April 2021
⏱️ 20 minutes
🧾️ Download transcript
Summary
This week’s Dividend Cafe is going to dive into the “abnormalcy” of the economic contraction during COVID, the abnormalcy of the economic recovery we are currently in (and will be in for months to come), but then also the “normalcy” of pre-pandemic economic life, and what that means on the other side of this. I will humbly suggest that despite the changes in the economic landscape brought about by the fiscal and monetary monstrosities of the last year, “normalization” will mean “resuming our obsession with the question of _____”
That __ is what today’s Dividend Cafe will fill in.
Transcript
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| 0:00.0 | Welcome to the Dividend Cafe weekly market commentary focused on dividends in your portfolio |
| 0:07.0 | and dividends in your understanding of economic life. |
| 0:12.0 | Hello and welcome to this week's Dividend Cafe, those you listening on the podcast, watching on the video. |
| 0:19.0 | I hope you've had a wonderful week. I am really excited about this week's |
| 0:23.6 | Dividy Cafe. For one thing, I love being here in New York. You can tell them recording from |
| 0:28.5 | our New York studio. It's been a very productive week. A lot of really interesting things going on |
| 0:34.4 | in the market and the world. We write about that every day at the DC today.com. I am going to talk today solely and exclusively about the chosen topic of the week, |
| 0:45.4 | which is the post-COVID economic recovery conditions. And what I mean by that is not post-COVID where we are with the economy |
| 0:57.1 | and where we come out, you know, on the other side of the vaccine as all the airline travel |
| 1:02.3 | comes back and the restaurants continue filling up and and that sort of pen-up demand thesis. |
| 1:07.7 | It's a very important topic. It's just one we've talked about a lot, continue to talk about, and one that almost everybody that I read, study, and analyze seems |
| 1:16.1 | to have at one point gotten it wrong, underestimating economic vibrancy coming out of a 100-year |
| 1:24.9 | flood condition called the COVID-19 pandemic. |
| 1:29.3 | That's not what I'm referring to though. |
| 1:31.3 | I'm referring to a further out time period after the kind of sugar high |
| 1:37.3 | and the wonderfulness of economic recovery and GDP restoration |
| 1:43.3 | is done where we find ourselves. |
| 1:46.0 | And the way I set this up in dividend cafe.com, the written commentary that kind of drives the theme and message and so forth every week, |
| 1:58.0 | was around the topic of normalization. It's a word I've used |
| 2:03.4 | myself countless times, and it's a concept and an idea and a belief that I hold to very dear. |
| 2:10.5 | I want normalization. I want our economy back to normal. I want our society back to normal. |
| 2:19.3 | And we talk about these things generally around a cultural reference that's important to us. |
... |
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