I went to some ATM once, and people apparently print the balance of their accounts and discard the receipt on the ATM. A lot of those are showing like $15 or $20 kind of balance in their accounts. It is eye opening for sure. Not everyone has the winning personality to be a pron shop heir.
John Whitehouse (@existentialfish) Tweeted:
Fox News guest Dave Ramsey: “I don’t believe in a stimulus check because if $600 or $1400 changes your life you were pretty much screwed already. You got other issues going on.” https://t.co/6r1kTCxt8E
Weird comment. Giving checks to people with high propensity to consume should help kickstart the economy, isn’t that the main point of these checks and not helping families out of a hole?
Haha I’m worried about inflation. If inflation were to increase too much, can the central banks even raise rates because companies and countries have so much debt?
That’s the question. Not sure how we are going to get off the opium. A massive forced deleveraging would be my guess. Going to be painful but who knows when the reaper will show up.
everyone worredi about inflation. it hasnt turned up in nearly 15 years. if inflation happens. rack up rates. but till then. i am all for stimulus. not the asset inflation kind either. its time we start ubi. homeless people should be able to shower. rack up taxes on the rich to combat asset inflation. taxes is a deflatinary thing since we wipe out money.
Hahha how? What you’re saying is what pretty much every “analyst” insight/opionion piece on financial newspapers is saying. But how? How do you rack up rates when even a slight uptick in rates will cause bankruptcies, first by the zombies and then by the other overleveraged companies?