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Just a few months ago "RED HOT” economy was believed to be unstoppable, but latest GDP data shows us that we will be lucky if fiscal stimulus effects will last until the end of the year. Despite historic levels of government intervention ( helicopter money) the US economy only grew 2% in the third quarter.
What happened???? Where is this BOOMING ECONOMY?.....Labor Shortage??? Inflation???
What a joke.
Remember...... NO REAL ECONOMIC GROWTH WILL EVER BE POSSIBLE UNTIL WE GO THRU DEFLATION AND DEPRESSION, until we destroy all bad debt that we have accumulated since 2001, until we deflate all asset prices and pop all bubbles and ECONOMIC CANCERS that we have created.
Learn from Mother Nature, nothing can grow during the non-growth season, in the Fall and during Winter. This applies to economy as well. No matter what the FED does, no matter how much money we steal from the future to spend it today real economic growth will be impossible.
Was it designed or supposed to "produce lasting impact on economy " ?
No, it was meant to temporarily stimulate or prop up the economy like a weight lift spotter (ie applying a small lift as light as a finger can help someone push the weight up when failing).
But this is a copy/paste rant thread we’ve seen over 50 times. Literally.
Having a depression so you can have high growth afterwards to catch back up to where you were before the depression is stupid. You are assuming also that in such an event the current system of governance would survive and that a high growth rebound would actually happen. Plenty of historical examples of that not happening.
The point of stimulus is put out the fire so the neighborhood or the entire city doesn't burn down.
No, it was meant to temporarily stimulate or prop up the economy like a weight lift spotter (ie applying a small lift as light as a finger can help someone push the weight up when failing).
But this is a copy/paste rant thread we’ve seen over 50 times. Literally.
How things function and how the concept plays out are different but the idea is they business/economic cycles run in waves of ups and downs. Stimulus/govt interaction can pull the string at both ends which lessen the highs/lows of the cycle.
Just a few months ago "RED HOT” economy was believed to be unstoppable, but latest GDP data shows us that we will be lucky if fiscal stimulus effects will last until the end of the year. Despite historic levels of government intervention ( helicopter money) the US economy only grew 2% in the third quarter.
What happened???? Where is this BOOMING ECONOMY?.....Labor Shortage??? Inflation???
What a joke.
Remember...... NO REAL ECONOMIC GROWTH WILL EVER BE POSSIBLE UNTIL WE GO THRU DEFLATION AND DEPRESSION, until we destroy all bad debt that we have accumulated since 2001, until we deflate all asset prices and pop all bubbles and ECONOMIC CANCERS that we have created.
Learn from Mother Nature, nothing can grow during the non-growth season, in the Fall and during Winter. This applies to economy as well. No matter what the FED does, no matter how much money we steal from the future to spend it today real economic growth will be impossible.
Happy Halloween
Good Luck!!!
Stimulus combined with lowering production of manufactured goods at the same time has produced inflation. Is that inflation sustainable? I certainly hope not
Location: East of Seattle since 1992, 615' Elevation, Zone 8b - originally from SF Bay Area
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The stimulus money was meant to provide some help to people who had their hours cut or lost their jobs while giving some extra money to others to spend, and stimulate the economy. For most of us that kept their jobs and have been able to work from home the last 19 months that money did nothing but go into the bank to sit, since we were already saving as much as several hundred a month in commute costs.
What is the solution then, only give stimulus to the biggest corporations like TARP?
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