Only disappointment is the rate of inflation. So slow. It needs to go up fast. I want AOC as president. Talib as VP and that freak from Minnesota as treasury secretary. It will be a dream team.
Yet, after $5 trillion of stimulus injections in 2020, economic growth is once again collapsing.
A Broken Transmission System
The desire to use “debt” to cure the “economic illness” seems logical, particularly when viewing it through the political lens of “getting re-elected.” However, the “cure” keeps the patient on “life support.”
The policies enacted, be it stimulus, quantitative easing, or bailout programs, fail to create sustainable economic growth because they are debt-based. Using debt to drag forward future consumption only leaves a void that must get filled in the future. Most importantly, the use of debt for non-productive investments, like a stimulus that has a one-time effect, is the debt service that then absorbs future revenues.
The view that “more money in people’s pockets” will drive up consumer spending, with a sustainable boost to GDP, is wrong. It has not happened in 40-years.
What gets missed is that things like temporary tax cuts, or one-time injections, do not create economic growth but merely reschedules it. The average American may fall for a near-term increase in their take-home pay, but any increased consumption today will be matched by a decrease tomorrow when the stimulus ends.
Consumer confidence continues to weaken despite a booming job market, higher wages, and a surging stock market
Industry and labor are the true drivers of a sustained “healthy” economy. Debt borrowing results in a selling off of assets, a service based economy (low-wages) and a death spiral when servicing that debt becomes impossible. We are long past that point. Perhaps this is what inspired that rather feeble-minded U.S.President, Woodrow Wilson, to lament in the 1913. “I fear I have betrayed my country.”
The cost of living crisis and higher inflation is beginning to look a lot like probation for many. Economic bubble = human trouble. It’s helping people get on their feet so they can walk everywhere instead of drive I guess. Seriously the economic situation is going from bad to worse as the days go by. People are going to be stuck in a rut with no way out. It’s going to hit everyone hard in one way or another. No one is exempt from this. I have a positive mindset and I’m not trying to be negative but it is what it is.
And then some billionaires are saying a depression may be arriving by mid 2022 because it’s a shemitah year and a seven year cycle that’s observed where debts will be forgiven . The Great Depression ... begin in a shemita year. I think that’s why I’m reading about bankruptcies by big businesses being filed this last week. 🤔
Coco is adorable! First time I'm seeing your pup. No wonder you're in a good mood!! 😆 Even that dog knows what is going on with the freak show. Awesome!
Chunky divorced women will set the trend once again by filling up planes and gulping down 20 margaritas at the beach bars around the globe as Americans tourists run over the world.
That's the BEST NEWS I've heard all day! 😃
The WORSE inflation gets, the HIGHER my crypto goes. Hahahahahaaaaa! Eeeeeeeeeeheheheheheeee! 😂😂😂🤣🤣😆🤣😆😁😃🤓😆😁🤣😃😃👍💪😂😂🤣🤣
Only disappointment is the rate of inflation. So slow. It needs to go up fast. I want AOC as president. Talib as VP and that freak from Minnesota as treasury secretary. It will be a dream team.
AOC for PRESIDENT! 😃💪😃😺
Yet, after $5 trillion of stimulus injections in 2020, economic growth is once again collapsing.
A Broken Transmission System
The desire to use “debt” to cure the “economic illness” seems logical, particularly when viewing it through the political lens of “getting re-elected.” However, the “cure” keeps the patient on “life support.”
The policies enacted, be it stimulus, quantitative easing, or bailout programs, fail to create sustainable economic growth because they are debt-based. Using debt to drag forward future consumption only leaves a void that must get filled in the future. Most importantly, the use of debt for non-productive investments, like a stimulus that has a one-time effect, is the debt service that then absorbs future revenues.
The view that “more money in people’s pockets” will drive up consumer spending, with a sustainable boost to GDP, is wrong. It has not happened in 40-years.
What gets missed is that things like temporary tax cuts, or one-time injections, do not create economic growth but merely reschedules it. The average American may fall for a near-term increase in their take-home pay, but any increased consumption today will be matched by a decrease tomorrow when the stimulus ends.
Consumer confidence continues to weaken despite a booming job market, higher wages, and a surging stock market
>Yet, after $5 trillion of stimulus injections in 2020,
With NFLX down 37%, it destroyed a few trillions. That's why dollar is going up. Take it easy.
YouTube - Everybody is a economist
That’s why I seldom, if ever, comment directly on YT. Lots of “2,000 year old people” over there!
Industry and labor are the true drivers of a sustained “healthy” economy. Debt borrowing results in a selling off of assets, a service based economy (low-wages) and a death spiral when servicing that debt becomes impossible. We are long past that point. Perhaps this is what inspired that rather feeble-minded U.S.President, Woodrow Wilson, to lament in the 1913. “I fear I have betrayed my country.”
Italy could become the first EU nation with a social credit score
https://thecountersignal.com/italy-could-be-first-eu-nation-with-social-credit-score/
New social credit app to reward Italian citizens for ‘virtuous behavior’
https://www.lifesitenews.com/news/new-social-credit-app-to-reward-italian-citizens-for-virtuous-behavior/
Digital plan, a brainwave for traffic and prizes for virtuous citizens
https://www-bolognatoday-it.translate.goog/cronaca/piano-digitale-comune-bologna.html?_x_tr_sl=auto&_x_tr_tl=en&_x_tr_hl=en&_x_tr_pto=wapp
GERMANY follows ...
https://www.vorausschau.de/SharedDocs/Downloads/vorausschau/de/BMBF_Foresight_Wertestudie_Kurzfassung.pdf?__blob=publicationFile&v=1
https://dserver.bundestag.de/btd/19/319/1931992.pdf
I can show them some virtuous behavior. 😈😈😈
Seeing Coco was a lovely birthday surprise! Thanks Gregory!
The cost of living crisis and higher inflation is beginning to look a lot like probation for many. Economic bubble = human trouble. It’s helping people get on their feet so they can walk everywhere instead of drive I guess. Seriously the economic situation is going from bad to worse as the days go by. People are going to be stuck in a rut with no way out. It’s going to hit everyone hard in one way or another. No one is exempt from this. I have a positive mindset and I’m not trying to be negative but it is what it is.
And then some billionaires are saying a depression may be arriving by mid 2022 because it’s a shemitah year and a seven year cycle that’s observed where debts will be forgiven . The Great Depression ... begin in a shemita year. I think that’s why I’m reading about bankruptcies by big businesses being filed this last week. 🤔
Coco is adorable! First time I'm seeing your pup. No wonder you're in a good mood!! 😆 Even that dog knows what is going on with the freak show. Awesome!
Coco is too cute!
Time to discuss in great length 5 times a day for the next several years about this upcoming calamity
https://finance.yahoo.com/news/elon-musk-tesla-optimus-robot-102430216.html
This will doom mankind. Time to go under the bed and hide. Terminator has arrived
Trump ends interview
https://twitter.com/piersmorgan/status/1516869454432550914?ref_src=twsrc%5Etfw%7Ctwcamp%5Etweetembed%7Ctwterm%5E1516869454432550914%7Ctwgr%5E%7Ctwcon%5Es1_&ref_url=https%3A%2F%2Fwww.bild.de%2Fpolitik%2Fausland%2Fpolitik-ausland%2Fdonald-trump-beleidigt-moderator-und-bricht-interview-ab-79833026.bild.html
Thanks for the update and showing us Coco...he's a cutie. Please keep showing us Coco every now and then...makes me smile:)
Sky is the limit
https://www.google.com/amp/s/www.cnbc.com/amp/2021/03/03/cramer-to-investors-post-covid-travel-boom-could-be-skys-the-limit.html
Chunky divorced women will set the trend once again by filling up planes and gulping down 20 margaritas at the beach bars around the globe as Americans tourists run over the world.
Well ya since all oil released is going overseas cant make this poop up man crazy