Originally Posted by
ROFF
Does debt even matter anymore? We are no better off from our $16B cash than those that had $30B in debt thanks to the gubment. Not that I wished peril to anyone but what’s the point of the strong balance sheet?
Excellent point. Gubmint picking winners and losers.
“Between 2008 and 2014, the Federal Reserve printed more than $3.5 trillion in new bills. To put that in perspective, it’s roughly triple the amount of money that the Fed created in its first 95 years of existence. Three centuries’ worth of growth in the money supply was crammed into a few short years. The money poured through the veins of the financial system and stoked demand for assets like stocks, corporate debt and commercial real estate bonds, driving up prices across markets.”
And then we wonder why we’re experiencing this great mystery called inflation?
When/if it all collapses who know what things will look like, but with no debt you’ve at least got options. 🤷♂️