dpmp
Member
They keep talking about the credit being available. For whom? The taxpayers are up to their eyeballs with debts. Higher interest rate on CC is putting a damper on those who still have a job. Those who have lost their jobs will be living on ramen noodle and chicken soup.
It is not just about the money available to be borrowed and spent and borrowed some more, it is about who's willing to get back into debts.
Oh by the way, I didn't mention the additional humongous tax obligations that will have to be met by the same taxpayers whom the government is trying to get them start spending.
Such childish view of this government amazes me.
It is not just about the money available to be borrowed and spent and borrowed some more, it is about who's willing to get back into debts.
Oh by the way, I didn't mention the additional humongous tax obligations that will have to be met by the same taxpayers whom the government is trying to get them start spending.
Such childish view of this government amazes me.
"...Jeremy Grantham's (GMO) take on the stock market outlook is summarized in his recent quarterly newsletter, in which he says: "The current stimulus is so extensive globally that surely it will kick up the economies of at least some of the larger countries, including the US and China, by late this year or early next year. (This seems about 80% probable to me, anyway.) Anticipating this, we should expect a stock market recovery - which normally leads economic recovery by six months, plus or minus two - sometime between two months ago and, say, August, which the astute reader will realize implies that this rally may already be it."..."
http://safehaven.com/article-13306.htm
Lady