$SPDR S&P 500 ETF (SPY.US)$ This is what happens when the FE...
$SPDR S&P 500 ETF(SPY.US$ This is what happens when the FED tries to be all things to all people.
They are banking on a gentle easing when they feel the economy is ready for it. That is a joke as 60% of the economy has been ready for it for months now and the other 40% will NEVER be ready for it.
At lunch the other day I was bouncing around the build back better bill and its cost. I made the point that there would never be a future generation of the mind set to pay off this burden and the reply I got was that governments know this and all of them are doing it. My next question was what happens when an economy as large as ours does this? Any opinions?
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Baby u : the worst part of the Build Back Better program will be the army of regulators and their regulations
643YVeALhF : the federal government is a 'perpetual' entity. there is no deadline for when we need to shut it down and recreate a new one. likewise, the federal debt is 'perpetual.' there is no deadline or need for any generation at any time to 'pay it down.' the federal government has done that before, and there's no pot of gold at the end of that rainbow.
Nick fun 643YVeALhF : That's a pretty asinine view of economics. So, you think we can just keep spending forever with no repercussions? Is that what you're saying?
ViViiAnnnnn : they will inflate the debt away
areecep ViViiAnnnnn : There is no longer term evidence to support any nation of the size and global importance as the US to inflate its way out of its debt. See "beggar thy neighbor." (link). Such actions generally provoke a retaliation from competing nations and it starts widespread devaluations, i.e, "a race to the bottom."
Dot Len Chocolateboy : All countries are in same boat. And will Concerted inflation is on the agenda.
Tomcattie Dot Len : It's OK to have a thesis, but you haven't gone the extra step to see if you can prove it.