I think most people on this forum thought those would trigger inflation, and they did.
“I think most people on this forum thought those would trigger inflation, and they did.”
The legitimacy of the scope and scale of them should have been questioned in as much as the lockdowns did not affected the country, industreis or individuals equally, as only some folks were put out of work and millions of retired folks had little to no loss of income, but $1,400 was thrown out to EVERYONE. So with business activity truncated by travel reductions and lockdowns excess money was thrown out on an economy with shrinking demands and stymied supply chains. Classic inflation is too much money chasing too little goods, and that is what the “stimulus” helped create. The Feds actions, and then Biden’s actions just made matters worse.
P.S. I sent my $1,400 back.
I felt as a retired person with no loss of income it was my job to be out in my local economy supoorting my local economy, local shops, as much as I could. I knew too many folks laid off because theu were not “essential” workers, and many local shops wondering how they would stay open. The pnly ones were the giant big box retailers and retail chains who saw little drop in income.
I think most people on this forum thought those would trigger inflation, and they did.
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The fact is thank Senile Joe and the war cheerleaders, Biden’s Sanctions and weaponizing the USD brought on Vlad’s sanctions which are shutting down the west’s business, manufacturing, credit markets, and comfort.
Wait till $7-10 trillion of unwanted, unused dollars start returning home, ( started noticeably last week, Japan started selling off billions of USD securities off, Sauds taking yuan for oil, etc…) add to it of the supply side induced inflation we have, trillions being printed off, severe credit markets disruptions, US banks not loaning to other banks, …..list is long. We have seen nothing yet.
….and Vlad says checkmate again.