Extremely loose monetary and fiscal policies during the pandemic have created distortions and disequilibria throughout the economy. The most visible bubbles may be in financial markets, evidenced by the boundless valuations applied to visionary startups and the speculative fascination for digital assets of all types. This report examines a bubble of a different kind; not a financial bubble but rather a real-world bubble in “fun”. Producers of recreational goods are flourishing during the pandemic, posting massive sales gains and a tripling of net income, yet selling for miniscule valuations.
Dec
16
2021
Discretionary Durables: A Bubble In Fun
tags
Bubbles Recreational Goods Discretionary Durables Personal Consumption Expenditures Price Change Sales Growth Cumulative Return Spread Cyclical Stocks Valuations Home FurnishingsLogin
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