Fed gives wallstreet what it wants again! Limitless trillions!
- Thread starter S2007S
- Start date
In the span of about 10 days, they up the stimulus from $830B, to 840, 850, 1.3T, 2T, 4T, and now "unlimited".
Getting a headache trying to wrap my brain around all that...
For those who think "Yea!... the market's going to soar on unlimited money printing"... should recall Weimar Germany. Or more recently, Turkey. Between ~1983 -2005, the Turkish stock market soared >2,000,000%! And if you'd been invested for the whole run, you'd still have lost 98% of your buying power due to currency debasement. (Since the currency reset in 2005, Turkish Lira has again lost another -80%. They're doing better this time... still destroying buying power but more slowly.)
CB money printing always debases the currency proportionately.... carried too far is CATASTROPHIC!
Getting a headache trying to wrap my brain around all that...
For those who think "Yea!... the market's going to soar on unlimited money printing"... should recall Weimar Germany. Or more recently, Turkey. Between ~1983 -2005, the Turkish stock market soared >2,000,000%! And if you'd been invested for the whole run, you'd still have lost 98% of your buying power due to currency debasement. (Since the currency reset in 2005, Turkish Lira has again lost another -80%. They're doing better this time... still destroying buying power but more slowly.)
CB money printing always debases the currency proportionately.... carried too far is CATASTROPHIC!
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at some point yea sure it's possible, but there's a very specific thing that needs to happen first. Inflation don't just come out of thin air.
The money that creates inflation comes out of thin air in the form of infinite financial support to markets etc .... You have to realize this is like a heroin addict saying they know how much to use so they don't overdose....as if you can know that.... Your dead when you find out
why do people never learn.
every time the fed prints people bring up zimbabwe or Venezuela or turkey whatever.. look at the fcking USD chart is it going up or down.
have some independent thinking for fck sake instead of recycling the garbage from zerohedge.
printing the reserve currency is different from printing a non-reserve!
every time the fed prints people bring up zimbabwe or Venezuela or turkey whatever.. look at the fcking USD chart is it going up or down.
have some independent thinking for fck sake instead of recycling the garbage from zerohedge.
printing the reserve currency is different from printing a non-reserve!
Walmart, Target and Amazon have all raised minimum wage by 10-15%....at a time when unemployment is jumping. They're already planning for hyperinflation and decided to get some social justice credit by implementing their wage hikes a little early.
or demand warrants it? Been to a walmart lately?