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(Marketwatch)   Global stocks are going up due to stimulus   (marketwatch.com) divider line
    More: Giggity, Dow Jones Industrial Average, Nancy Pelosi, Dow Jones & Company, Vice President Mike Pence, Domino's Pizza, Morgan Stanley, Regeneron Pharmaceuticals shares, U.S. economy  
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436 clicks; posted to Business » on 08 Oct 2020 at 12:51 PM (15 weeks ago)   |   Favorite    |   share:  Share on Twitter share via Email Share on Facebook



18 Comments     (+0 »)
 
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2020-10-08 12:20:27 PM  
An economy that won't run without government money is not much of an economy.
 
2020-10-08 1:17:27 PM  
So what happens when the free money runs out? Or it this the hyperinflationary debt reset we've all been warned by Ron Paul about?
 
2020-10-08 1:43:19 PM  

ColonelCathcart: So what happens when the free money runs out? Or it this the hyperinflationary debt reset we've all been warned by Ron Paul about?


Hard to do a reset when we keep adding to it.
 
2020-10-08 1:43:30 PM  

ColonelCathcart: So what happens when the free money runs out? Or it this the hyperinflationary debt reset we've all been warned by Ron Paul about?


The markets crashes a bit, the low information investors (the pigs) panic and sell, accelerating as the declines mount and more pigs panic, the rich buy at a discount, and the wealth transfer continues.
 
2020-10-08 3:16:50 PM  
Does anyone else feel like our lives are being run by an imaginary thing?

I mean... Yeah, what else is new? Sky Wizards or dollar gods, it's all the same to those who "speak for them".
 
2020-10-08 3:36:12 PM  
Times like this govt should spend, but we should have paid down the debt in the "good" years prior.
 
2020-10-08 3:39:00 PM  

ajgeek: Does anyone else feel like our lives are being run by an imaginary thing?

I mean... Yeah, what else is new? Sky Wizards or dollar gods, it's all the same to those who "speak for them".


Honestly, DollarGods is the best way to describe. Going to have to steal that term.

media1.tenor.comView Full Size


/pic related, DollarGod
 
2020-10-08 4:14:00 PM  
Hell, I still haven't received the first stimuli chex!
 
2020-10-08 4:34:27 PM  

ColonelCathcart: So what happens when the free money runs out? Or it this the hyperinflationary debt reset we've all been warned by Ron Paul about?


The important thing to contemplate here is how much inflation will there be and how can I be poised to make money off it.

Some things to keep in mind: inflation lags, there will be a lot of mortgage defaults next year, the fed has an enormous balance sheet (and no plans to shrink it), and I think the stock market has a bit of this all priced in already.

In conclusion, I think cash and cash equivalents are a bad bet right now.  Index funds are a safe bet and leveraged funds if you're particularly bold.
 
2020-10-08 4:36:53 PM  
Terrifying fact, 22% of all circulating US dollars were printed this year.

https://www.somagnews.com/9-trillion-​s​tory-22-of-us-dollars-printed-in-2020/​
 
2020-10-08 4:44:25 PM  

Lord Bear: Terrifying fact, 22% of all circulating US dollars were printed this year.

https://www.somagnews.com/9-trillion-s​tory-22-of-us-dollars-printed-in-2020/​


Wait until 2021.

We were already on track for almost a trillion in deficit spending. A stimulus bill wont be passed until January because of political reasons. If it is the 2.2T bill that was just struck down, we are looking for 3T+ in the hole on Biden's first day. That doesnt factor in any other spending bills to come from this. Then R's will act concerned about it all. But they need to stock pile more ink for January.
 
2020-10-08 5:03:03 PM  
AsparagusFTW:

We were already on track for almost a trillion in deficit spending. A stimulus bill wont be passed until January because of political reasons. If it is the 2.2T bill that was just struck down, we are looking for 3T+ in the hole on Biden's first day. That doesnt factor in any other spending bills to come from this. Then R's will act concerned about it all. But they need to stock pile more ink for January.

Yeah, I've moved most of my assets to cash, metals and bitcoin for the time being. Stocks are setting up for a historic crash, so is the US dollar, and real estate too.  I'm still looking for some other safe havens, maybe the Euro?
 
2020-10-08 5:13:00 PM  

Lord Bear: AsparagusFTW:

We were already on track for almost a trillion in deficit spending. A stimulus bill wont be passed until January because of political reasons. If it is the 2.2T bill that was just struck down, we are looking for 3T+ in the hole on Biden's first day. That doesnt factor in any other spending bills to come from this. Then R's will act concerned about it all. But they need to stock pile more ink for January.

Yeah, I've moved most of my assets to cash, metals and bitcoin for the time being. Stocks are setting up for a historic crash, so is the US dollar, and real estate too.  I'm still looking for some other safe havens, maybe the Euro?


Everything cant crash if they print money. They money has to go somewhere.

Pick where you think that is.

I think it will be real estate.
 
2020-10-08 5:36:39 PM  

Lord Bear: AsparagusFTW:

We were already on track for almost a trillion in deficit spending. A stimulus bill wont be passed until January because of political reasons. If it is the 2.2T bill that was just struck down, we are looking for 3T+ in the hole on Biden's first day. That doesnt factor in any other spending bills to come from this. Then R's will act concerned about it all. But they need to stock pile more ink for January.

Yeah, I've moved most of my assets to cash, metals and bitcoin for the time being. Stocks are setting up for a historic crash, so is the US dollar, and real estate too.  I'm still looking for some other safe havens, maybe the Euro?


Are you me? Did the same exact thing. Metals, bitcoin (through GBTC), and food stocks. Hard assets (even real estate as CC mentions)  are going to inflate a shiatload more with this level printing and global currency devaluation. The bitcoin news today was huge. I know a thread is greened for it. Square just bought 50m worth, last month Microstrategy bought 425m. Every tech company right now is having meetings on taking at least a small portion of their cash reserves and buying bitcoin with it.

/Not investment advice, Mr. Asparagus holds no certs. Gambling is fun.
 
2020-10-08 7:16:24 PM  

TaDu: Times like this govt should spend, but we should have paid down the debt in the "good" years prior.


The US government will never lower it's debt. R's give too much to the rich, Dems use it to buy votes. Yes, I said it...BSAB when it comes to money.
 
2020-10-08 7:26:12 PM  

bfh0417: TaDu: Times like this govt should spend, but we should have paid down the debt in the "good" years prior.

The US government will never lower it's debt. R's give too much to the rich, Dems use it to buy votes. Yes, I said it...BSAB when it comes to money.


Except one side's "giving" has actual economic benefit for everyone, including the rich, because money naturally trickles up.
 
2020-10-08 7:45:42 PM  

ColonelCathcart: So what happens when the free money runs out? Or it this the hyperinflationary debt reset we've all been warned by Ron Paul about?


We just do a reset and start over. We just make $1M worth $750k.

That's why the senate agreed to give you $1,200.00

So they could give billionaires $1.2trillion.
 
2020-10-08 9:13:56 PM  

ColonelCathcart: So what happens when the free money runs out? Or it this the hyperinflationary debt reset we've all been warned by Ron Paul about?


MMT gains more and more adherents all the time. I'm starting to think they have a point after all.

tl;dr version: fiscal policy can be used to expand the money supply until we see definitive signs of inflation. Deficits be damned. When we do see those signs, we raise taxes.

It does have a too-good-to-be-true feel to it. We can buy all the stuff we want without having to pay for it, at least for a while? Yes, so goes the theory. Taxes exist not to eliminate deficits or to keep the government solvent, but to assist in wealth redistribution.
 
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