Sam Goldfarb, in The Wall Street Journal, has part of it.

The monthslong decline in bond yields exemplifies investors’ belief that inflation likely isn’t the biggest problem facing the US and global economy.
Monday’s sharp selloff in major US stock indexes highlighted investors’ mounting concern that the biggest risk to markets right now is underwhelming growth….

Indeed.

There are other things that folks are more concerned about than inflation, the current round of which I say is transitory. One is the Biden administration’s steady drumbeat of Wuhan Virus panic-mongering, currently over the Delta variant, which, albeit is more contagious, is in fact no more lethal than the Wuhan Virus original and against which existing vaccinations are highly effective.

Another thing is the Biden administration’s conflicting statements regarding the Wuhan Virus—its origin, palliatives like hydroxychloroquine and remdesivir, mask usefulness, and on and on.

Another thing is the Biden administration’s active attempts to censor, and to order private enterprises to censor, other conflicting information regarding the virus, vaccinations, and vaccinating in general, all because Progressive-Democrats think us average Americans are just too grindingly stupid to figure out for ourselves.

Another thing is the Biden administration’s runaway reregulation of our economy because Government Knows Best.

Another thing is Government’s Progressive-Democrats insisting on paying Americans to not work, slowing our economic recovery by hindering private enterprises’ ability to get the labor force with which to produce enough to meet growing demand.

Another thing is the Progressive-Democrats’ demand to tax our private enterprises to the point of non-competitiveness while at the same time spending our tax money with enormous abandon, crowding our private enterprises out of our economy in favor of a Government economy.

That’s plenty for investors to worry about.

A couple of stinking rich guys hopped into space and came back down, opening up space tourism—which itself remains the province of the rich. Another stinking rich guy already is bringing down the cost of business venturing into space.

The Precious and the bodice-ripping virtue signalers are all aghast—loudly so—over this immoral (these holier-than-thou bleat) use of a wealthy man’s money. They should have spent their money on Better Things here on Earth in order to make Lives Better.

Never mind that all of the long-lasting life improvers have begun as rich men’s toys.

Here are some other things that began as rich men’s toys but whose market creation playing pushed production up and prices down to the point they became mainstream commodities:

• printing presses
• light bulbs
• central heating for homes
• oil- and coal-fired home heating furnaces
• gas-fired home heating furnaces
• electrically heated homes
• window air conditioners
• which expanded to central air conditioning in our homes and commercial buildings
• ice boxes
• which became ever-fancied-up refrigerators with freezers and separate freezers
• telephones
• radios
• televisions
• automobiles
• automobiles with power steering
• automobiles with power brakes
• automobiles with air conditioning
• air travel

That’s just a short list, but they’re yet more reasons I, too, want to get stinking rich. Which requires a burgeoning, free market, capitalist economy to achieve honestly.

I’ll happily not burden myself along the way with the Know Better Naysayers.