Posted on 05/12/2020 6:07:05 AM PDT by SeekAndFind
Wondering what Fauci’s testimony today will do to this when he lets it rip.
Well, we’ll certainly have record breaking price inflation. You don’t hand out government (taxpayers) money like free breath mints without hitting prices hard.
Silliness. Many jobs are never coming back. Lockdown has been ruinous for tens of millions. In PA we have lost 500 jobs for every death, and 33 jobs for each CASE.
Only if they had opened up two weeks ago. The continual foot-dragging is going to make this FAR worse than it would have been.
Yes, that's another major problem looming. All of the money and 401ks saved up will be greatly diminished in value. Sad.
Well, we’ll certainly have record breaking price inflation. You don’t hand out government (taxpayers) money like free breath mints without hitting prices hard.
mind-boggling delusion....
Ever week of economic lock-shut down = 3 weeks for recovery.
But on reflection, what will all this money chase?
There one article that people were so concerned about the future they were actually saving money.
That is why the feds print the money!
I think that there is a tremendous pent-up demand the likes of which haven’t been seen since the end of WWII.
It really depends. Money is a savings account or any fixed income investment will be eroded by inflation.
In general, stock investments tend to keep up and grow.
As soon as the Blue state tyrannical governors are tossed from office this November.
I’m optimistic: From a personal perspective, many of us have been holding back, waiting and hoping, saving, but when the green light appears I believe 2 months of holding back will erupt into a spending spree. Vacations, going out to eat, buying new clothes, that new lawn mower and garden stuff, perhaps a new car, on and on. I understand much of this sh@t is made in China, and that’s terrible, but money spent in US stimulates the entire US economy. Jobs open up, optimism abounds. I hope I’m correct.
I can guarantee that he will try to throw a wet blanket on any enthusiasm about opening the economy.
I’m optimistic: From a personal perspective, many of us have been holding back, waiting and hoping, saving,
Remember the Carter inflation. I knew a woman wh’s parents had to come out of retirement because massive price inflation decimated THE VALUE of their savings.
This could also be a good way to reduce the SS problem. Let prices and wages both go up, but don’t increase SS benefits (much). It will be a hard slam on those receiving social security (like me) and trying to live on it, but it will reduce the financial problem.
Also, price inflation will monetize the debt. That would have been dangerous in the past because debtors like China might not have responded favorably. But them being the source of the problem, what are they gonna do about it now or, more precisely, how can they justify a “bad” response when everyone knows they caused this mess.
It’s going to be a very interesting decade, that’s all I got to say. VERY interesting. Kinda like the late 30’s and early 40’s.
VERY interesting. Kinda like the late 30’s and early 40’s.
Just to be clear on my position and I think you have the same.
The only cure for what ails us is tough times. Never fun, whether personal or national.
I hope we learn the right things.
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