The Duran
The statements, views and opinions expressed in this column are solely those of the author and do not necessarily represent those of this site. This site does not give financial, investment or medical advice.
Biden’s massive stimulus. Inflation coming to America
The Duran: Episode 913
Not a single Republican in either chamber of Congress voted for Biden’s $1.9 trillion stimulus package
Not a single Republican in either chamber of Congress voted for Biden’s $1.9 trillion stimulus package
The vote reflected the widening gulf between Republicans and Democrats on Capitol Hill. Biden could have a tough time attracting GOP support.
By actually governing, Biden proves to be the un-Trump
https://chicago.suntimes.com/columnists/2021/3/10/22324230/joe-biden-governs-un-trump-presidential-politics-gene-lyons
The statements, views and opinions expressed in this column are solely those of the author and do not necessarily represent those of this site. This site does not give financial, investment or medical advice.
When the Fed prints money – $1.9 trillion to be exact – and also engages in QE and then funneling this paper it into the US economy this will have a number of results. First it will enrich the already rich as the stock market will climb to unprecedented levels – just as it did in 1929. This is not growth, however. it is asset price inflation. There is also a niggling little problem in the Bond market which is undergoing a massive sell-off and in doing to pushing up interest rates which the Fed is trying to push down.… Read more »
Inflation is not accidental, it is THE POLICY.
We’re not in a recession, we are in long-term depression. A depression is defined as a sharp-downturn, followed by a partial recovery, followed by a long period of sub-optimal growth. Starting with the Wall Street crash of ’29 blow up the low point of the downturn 1933 until the start of the US’s involvement in WW2
Let us eat drink and be merry for tomorrow we die. CV promoted panic is going get worse, there will be more and more restrictive economic lockdowns so the other political motivator, FEAR, will come into operation. The real future looming ahead is the dreaded DEFLATION that will precipitate the world into a GLOBAL DEPRESSION. This move to INFLATE is an attempt to avert this future but I believe it will fail. If the monetary powers continue down this road, we will end up with a HYPER-INFLATIONARY DEPRESSION.