Everything is not fine. The economic recovery is not quick. Stocks prices are controlled by opaque shadow forces and have little basis in reality.
Something that is grounded in reality is being able to pay down your home loan. Now that mortgage forbearance is expiring in the United States we in the mortgage industry are seeing a trend where pre-pandemic mortgage delinquency rates will not return to pre-pandemic levels for 24 months since the first wave of COVID. Compare this to 11 months of recovery after both Hurricane Harvey and Hurricane Irma. 24 months is the best case scenario right now. 2021 will be a slow and painful year for economic recovery. We still don't know if we will endure another shock.
Something that is grounded in reality is being able to pay down your home loan. Now that mortgage forbearance is expiring in the United States we in the mortgage industry are seeing a trend where pre-pandemic mortgage delinquency rates will not return to pre-pandemic levels for 24 months since the first wave of COVID. Compare this to 11 months of recovery after both Hurricane Harvey and Hurricane Irma. 24 months is the best case scenario right now. 2021 will be a slow and painful year for economic recovery. We still don't know if we will endure another shock.