The signs are there, you just need to know where to look. Fixation on debt levels will be the downfall of many and the opportunity of others. Money supply has no bearing to personal debt - two completely different concepts.
If goods and services roughly equate with income then we have an economy in good shape. It means people are earning due to producing those goods and services which in turn produces profits which in turn induces innovation. Simples
We have a temporary stall in producing good and services but incomes are partially maintained. Therefore there is a balance risk - if we go too far into the future with production curtailed then shortages appear. Shortages combined with money to spend is a dangerous cocktail.
Therefore the question you need to ponder is: will this virus be contained and people get back to work before inflation takes hold (due to shortages)?
If you think the virus will be contained before shortage appear then stock markets wil rocket to new highs very quickly - liquidity working through the system.
If you think the virus will keep people in lockdown long enough for significant shortage to appear then there will be a very serious problem in global finances - due to inflation.
Either way gold is stuffed in my opinion. It is a lose-lose for gold.
