Posted on 03/20/2021 9:08:07 PM PDT by SeekAndFind
My accountant said we will be in trouble by the end of the year when the gravy train runs out.
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Businesses currently doing well SE Michigan bear Ohio border: *real estate, *appraisers, those supplying items for homes because people are not vacationing, and guns and ammo and related. Toledo traffic is like Christmas all the time now due to COVID restrictions being lifted alot in Ohio as comoared to the Prison State of Michigan
*extremely busy
Our economy is a termite ridden wooden house. It really is. I will not elaborate.
Broward businesses deserve to go bankrupt. Went in my nearest 711 without a mask and they refused my purchase. Went to 711 corp web site rated that store horrible.
Now Im in Orange county, less lefty. But still get looks. The future of this country is bleak. I pity young men trying to find a wife today. These sheep are afraid of air. Walking your dog alone and wearing a mask!!!??? The republic is dead.
Perhaps Mr Snyder should do a little digging before jousting with American Thinker for the title of sloppiest conservative reporting outlet. M1's $12t spike was due to an accounting change:
Money Stock Measures,” will recognize savings deposits as a type of transaction account, starting with the publication today. This recognition reflects the Board’s action on April 24, 2020, to remove the regulatory distinction between transaction accounts and savings deposits by deleting the six-per-month transfer limit on savings deposits in Regulation D. This change means that savings deposits have had a similar regulatory definition and the same liquidity characteristics as the transaction accounts reported as “Other checkable deposits” on the H.6 statistical release since the change to Regulation D.
If Mr Snyder looked at M2 (which includes M1 + these accounts and other items) he would find that there was NO $12t spike in April/May 2020. That's because the aggregate money supply didn't spike - one bucket of money was redesignated as M1 whereas it was non-M1 M2.
Now, M2 *did* rise about 25% or $2t during the heat of the pandemic. Some of that is probably CARES Act checks but the balance of it may be people liquidating stocks and parking it in savings. Or something else....THAT is worth researching.
China could try a biological warfare item next time.
As someone with only a casual knowledge of economics... I figure the stock market will continue an upward trend for awhile, boosted by the stimulus checks. At some point, reality will set in and drive the market down. I am holding retirement funds for the time being with an eye toward withdrawing at some point before the downturn. The question is, when will that be? It seem that your accountant agrees. I wonder what his/her, your thinking is on that topic.
Other than our money turning more worthless, there is a huge disruption in the supply chain. Huge. Look for empty shelves.
I Florida everyone is no unemployment....you make more money than working...
You have to call resturants to see if there open to sit in....they just do take out til they find more help...then open seating..
Americans realized Biden and his thugs were in charge...
someone here posted it will be this july when mainland china celebrates the 100th anniversary of the chinese communist party by invading taiwan.
We figure that as long as there are negative interest rates in Europe the danger of inflation is less and the stock market correction as well. We have yet to see the euphoria of covid crisis ending. Not sure what that will look like but I suspect better than today in spite of what today is.
There has to be a reckoning for all this money printing. Doesn’t there?
When you figure out the signal for when to sell let me know because I don’t know what it is until it is too late.
I have given up on some places and just figure they are closed. Some that are open should have closed long ago.
My little city spent all of 2018 and 2019 renovating downtown getting ready for 2020. They spent millions from a bind and had a fund for low interest loans to get ahold to remodel the front. There was a new city hall and a new city center park. It looked great. There must have been a dozen new restaurants all ready to open and the existing ones all proud to show off their remodel. Then our tyrant of a Governor shut them a down and downtown is a ghost town. They never even got to open a single time. We are STILL locked down and the rat shows no sign of loosening restrictions. And the frustrating “we are all in this together” lie spills from her rat lips daily. She hasn’t missed a paycheck and neither has a single government employee who has been “working” from home.
And a multi million man standing army of foreign invaders is in our borders raiding our treasurer.
A freeper said on another thread. We have two economies. FEAR economy and FREE economy.
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