On 9/14/2021 8:50 AM, jbeattie wrote:
> I'm not seeing the connection. BTW, the bicycle industrial complex is doing quite well under Biden. Too much cash and high demand are driving up prices. There seems to be no end to price elasticity. I was astounded to see the price of a new Ultegra hydro mechanical or Di2 group, assuming you could get one. With all the cash floating around, you'll start seeing the big companies buying stuff, like their minor suppliers or real estate. Trek will probably eat-up more shops, for better or worse.
Please give Trump credit where credit is due.
Trump's disastrous response to the Covid-19 pandemic, combined with the
tariffs he imposed, are what has driven up demand and driven up prices.
Biden had nothing to do with it. Biden just inherited all this from Trump.
Once Biden's actions bring the pandemic under control, with the help of
Dr. Fauci, more people return to in-person working, and more people go
back to their gyms, bicycle demand will slowly return to normal, and
hopefully prices will slowly fall back to previous levels. No bike shop
owner should expect this situation to go on forever.
Some companies are flush with cash because of Trump's corporate tax cuts
and increased demand for their products which has driven prices higher.
Others have been devastated by Trump, like hotels, cruise lines, and
airlines. You're right, this would be a good time for Trek to begin
opening more of their own stores.
In my area, Trump's lack of action in regard to the pandemic was also
responsible for both the meteoric increase in house prices as well as
the plunging rents and high vacancy rates for apartments. When I was
advertising my one rental property a few months ago, two prospective
tenants first question was "how many months of free rent are you
offering?" "Uh, zero." But many apartment complexes, desperate for
tenants, are offering several months of free rent.