Sorry, I love to give Trump credit on the economy but this is not good news for the economy.
Printing 20% of the annual GDP to get the numbers back on point isn't doing anything but making the long term economy more volatile and prone to inflation.
I don't think anyone has really analyzed the impact of the next 10 years from the entire world diluting currencies to shore up the near term economy. Trump had to do it for a variety of reasons and any rational person would have done the same given the lockdown.
The real victory would have been not shutting things down.
Yup, zombie companies are getting rampant. Some may become profitable again in the future, but at some point we have to stop stealing from the future. The best would be if we could cut back spending, regulations and taxes at a steady pace over a two year period. Should give Americans enough time to create/find jobs. If we could dregulate the healthcare sector that would be absolutely amazing even in the short term
Sorry, I love to give Trump credit on the economy but this is not good news for the economy.
Printing 20% of the annual GDP to get the numbers back on point isn't doing anything but making the long term economy more volatile and prone to inflation.
I don't think anyone has really analyzed the impact of the next 10 years from the entire world diluting currencies to shore up the near term economy. Trump had to do it for a variety of reasons and any rational person would have done the same given the lockdown.
The real victory would have been not shutting things down.
Yup, zombie companies are getting rampant. Some may become profitable again in the future, but at some point we have to stop stealing from the future. The best would be if we could cut back spending, regulations and taxes at a steady pace over a two year period. Should give Americans enough time to create/find jobs. If we could dregulate the healthcare sector that would be absolutely amazing even in the short term