2020 US markets
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The debt will never be paid, nor should it since most of lt is just expanded money supply. The debt is paid through inflation.
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What amazes me is that people do not read any of this stuff.
The guy I work with is getting divorced and is worried about money. I told him he need not worry because we would be getting paid through this mess. That was on Tuesday, and yet when the 2T Stimulus went into affect the Friday before, we got 100 million directly earmarked for us of the 2 Trillion. If you are a CEO and get 100 million handed to you, you do not furlough employees the next day.
Granted the stimulus was a 882 page document, but it was right there to read.
Most people did not get past reading how big of a check they were going to get. Myself, I like to see where I was all going.
The guy I work with is getting divorced and is worried about money. I told him he need not worry because we would be getting paid through this mess. That was on Tuesday, and yet when the 2T Stimulus went into affect the Friday before, we got 100 million directly earmarked for us of the 2 Trillion. If you are a CEO and get 100 million handed to you, you do not furlough employees the next day.
Granted the stimulus was a 882 page document, but it was right there to read.
Most people did not get past reading how big of a check they were going to get. Myself, I like to see where I was all going.
- bambooboy
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Question,was there work to be done?Also maybe your bosses thought you would make out better laid off with the xtra $600.00 until this blows over.NoSmoke wrote: ↑Mon. Apr. 06, 2020 6:45 amWhat amazes me is that people do not read any of this stuff.
The guy I work with is getting divorced and is worried about money. I told him he need not worry because we would be getting paid through this mess. That was on Tuesday, and yet when the 2T Stimulus went into affect the Friday before, we got 100 million directly earmarked for us of the 2 Trillion. If you are a CEO and get 100 million handed to you, you do not furlough employees the next day.
Granted the stimulus was a 882 page document, but it was right there to read.
Most people did not get past reading how big of a check they were going to get. Myself, I like to see where I was all going.
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I can tell you this. My employer has paid 7 people out of 25 of us to go home, full 40hr week pay. He would be much better off to tell these employees that you are essentially laid off until the end of July, go get your unemployment checks and the $600 that the Feds are offering.
Extra $$$ in their pockets but he won't. He's still stuck in the mantra that insurance will surely cost him more than what it pays.
Extra $$$ in their pockets but he won't. He's still stuck in the mantra that insurance will surely cost him more than what it pays.
- lsayre
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With all of the QE being pumped that is only to be expected. And since other tangibles are "long term" priced in reference to gold, we can expect everything purchasable to eventually rise in price "lock step" as a natural consequence also.bambooboy wrote: ↑Tue. Apr. 14, 2020 2:38 pmhttps://www.spglobal.com/platts/en/market-insight ... yes-1800oz
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I was wondering about this. At some point when currency is devalued (which if I understand correctly is happening even if that was not the intention) then inflation must step in somewhere.