Thread: Network Down?
View Single Post
Old 06-20-2021 | 06:35 PM
  #47  
Zman81
Line Holder
 
Joined: Oct 2019
Posts: 282
Likes: 1
Default

We are a consumer based economy. The good old USA doesn’t produce anything anymore. That is where China is reigning supreme in this world. Hence you can just look at their GDP vs the rest of the world. If the govt didn’t push through the stimulus you would have seen an ugly domino effect that would have effected most Americans. Now do I think that there was too much money pumped in the economy? Absolutely hence why we are seeing inflation that will remain for a while. The fed is going to be raising rates before 2023 when they were talking about maybe raising it in 2025!! The speed and rate that inflation is rising at is alarming from everyone in Wall Street. People are about to see what happens when you “give away” to much money in our type of economy. Doesn’t matter if your left or right or liberal or conservative. Everyone will be feeling this shortly.
Reply