Posted on 08/25/2020 11:46:57 AM PDT by RomanSoldier19
That isn’t going to help monetary velocity.
But, when people relax and spend more, will the FED let up on priming the pump?
That said, I'm betting some of this is because people in some places in the country couldn't go shopping for months, and just stayed home.
well, yeah, that $2400 my wife and I got went straight into my IRA...................
Americans should read Benjamin Franklin’s “The way to wealth.”
Saving a large portion of your income is a great idea for an individual, but not so great for society.
I have certainly cut back on my spending recently, but the rest of you need to keep spending so that the companies who directly and indirectly supply my income remain in business :)
That isnt going to help monetary velocity.
But, when people relax and spend more, will the FED let up on priming the pump?
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Unknown because we are hearing the FED wants to see inflation increase lest we become another Japan.
Exactly. Or folks put it in the bank, mattress or whatever. A good portion of it will end up being spent now that its stopped.
Dining out is expensive.
Yeah. Orderly, monocultural, Islam-excluding. Awful.
For years, we heard what a low savings rate America has and how we should have X months savings in reserve. So now this is a problem?
For years, we heard what a low savings rate America has and how we should have X months savings in reserve. So now this is a problem?
I’m spending a ton in prepping for the future...
With restaurants, clubs, bars and movie theaters closed a lot of discretionary spending is shut down.
I’m going to be remodeling my living room this fall, plus I’ll be buying new furniture. Because I saved for several years, I’ll be able to pay cash, and won’t need to borrow to do it.
The Government is pretending to give them “stimulus” they cannot spend.
It’s going to steal it back, and then some, in inflation.
l8r
I’ll bet this is skewed towards Whites, so it’s more systemic racism which may prompt more destruction of personal property and other crime.
The lumber section at Lowes was insane for a couple of months. I saw 4x8 OSB go from $9, to $17 to $21 a sheet.
It seems to have quieted down, though. I’ll not be buying any more of that stuff until things calm down.
As long as I can order parts for the ragged jeep collection, money can still flow.
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