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Old 04-08-2020, 10:42 AM
 
Location: Fort Bend County
2,599 posts, read 5,273,020 times
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Thoughts? My expectations are low..

https://www.usatoday.com/story/news/...ge/2961683001/
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Old 04-08-2020, 10:43 AM
 
3,548 posts, read 2,252,435 times
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I think there will be if/when the virus surges in subsequent waves.
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Old 04-08-2020, 10:55 AM
 
Location: Heart of flyover America
643 posts, read 255,042 times
Reputation: 1222
This is just the beginning. The amount of "stimulus" and quantitative easing needed to "save" the economy now will be far greater than what was needed in the last crisis. Possibly many times greater.
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Old 04-08-2020, 01:28 PM
Status: "Mi amigo es mi fan." (set 3 days ago)
 
2,831 posts, read 799,272 times
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Quote:
Originally Posted by Taggerung View Post
This is just the beginning. The amount of "stimulus" and quantitative easing needed to "save" the economy now will be far greater than what was needed in the last crisis. Possibly many times greater.
The Fed at minimum will ultimately expand their balance sheet to $15 trillion-$20 trillion before 2021 is over.


Here is their action plan:



https://www.youtube.com/watch?v=Hz5p0aT5f3E
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Old 04-08-2020, 07:00 PM
 
Location: Heart of flyover America
643 posts, read 255,042 times
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Quote:
Originally Posted by heart84 View Post
The Fed at minimum will ultimately expand their balance sheet to $15 trillion-$20 trillion before 2021 is over.


Here is their action plan:



https://www.youtube.com/watch?v=Hz5p0aT5f3E
I really feel like this monetary/financial system is in its endgame. When you have the central banks buying up every "asset" and throwing around trillions of dollars like it's nothing, I think it's safe to assume that the currency is approaching its death.
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Old 04-08-2020, 07:38 PM
 
Location: SoCal
18,126 posts, read 8,590,281 times
Reputation: 14904
I think Pelosi wants to get her pork stimulus.
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Old 04-08-2020, 07:39 PM
 
Location: Houston
2,455 posts, read 904,409 times
Reputation: 2152
Quote:
Originally Posted by Chanteuse d' Opéra View Post
Thoughts? My expectations are low..

https://www.usatoday.com/story/news/...ge/2961683001/
Trunk will spend ANYTHING to buy more votes since it’s not his money. If he could politically give much larger checks to swing states to the exclusion of the other 40 or so states, he would gladly do it.
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Old 04-08-2020, 08:11 PM
 
Location: Olympus Mons, Mars
6,504 posts, read 9,277,138 times
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I hope not, since I am paying for it
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Old 04-08-2020, 09:53 PM
 
23,360 posts, read 16,075,092 times
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Yes, there will likely be another round of "stimulus" checks; Pelosi, Schumer, McConnell and His Orangeness's team are working out the parameters now.

Since 2008 recession these must pass economic stimulus bills are both pork and social spending. GOP takes care of theirs and democrats do same for their team.

It is like a feeding frenzy; but when there feeding trough is full no one wants to miss out. Especially since it is essentially borrowed money that by time bill comes due most if not all who voted for will be out of Congress, or dead.

Democrats just handed every breathing adult with a SSN a check for $1200 or whatever, this includes those on SS, SSDI, veterans, homeless, recently incarcerated (or released).

On GOP side there were changes in tax laws favorable to wealthy (especially real estate sector), banking/finance, and of course that huge nearly $400 cash slush fund that will be handing out money to everyone from religious houses of worship to large multi-state franchises such as In and Out Burger.

By making sure everyone gets a taste it neutralizes opposition, this makes it easy to do same again..
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Old 04-08-2020, 10:36 PM
 
Location: Where the sun always shines
2,159 posts, read 2,790,064 times
Reputation: 4424
Quote:
Originally Posted by BugsyPal View Post
Yes, there will likely be another round of "stimulus" checks; Pelosi, Schumer, McConnell and His Orangeness's team are working out the parameters now.


Democrats just handed every breathing adult with a SSN a check for $1200 or whatever, this includes those on SS, SSDI, veterans, homeless, recently incarcerated (or released).

On GOP side there were changes in tax laws favorable to wealthy (especially real estate sector), banking/finance, and of course that huge nearly $400 cash slush fund that will be handing out money to everyone from religious houses of worship to large multi-state franchises such as In and Out Burger.
.
Are you sure it was EVERY BREATHING ADULT?

And whether rich or not, you should've benefited from the tax cut too unless you're always broke, or you were getting away with embellishing deductions and you can no longer do it. I'm far from wealthy, but saw my check get higher, and at least 3 of my tax brackets dropped, I'm good!
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