Economic concerns raised by former Wells Fargo CEO
... Kevin Kovacevich: Inflation (2-3% increase in salary for average worker, and 4-5% inflation on just the basics like food, gas, consumer goods); trillion dollar deficits already and trillion more if Biden admin gets budget passed.
Markets at all time high. Kovacevich's idea is that the market is priced alright based on where rates are now, but once that changes in the coming year or years the market will look differently.