So I guess will see another 28% jump in the indexes as all those $1400 checks pour into robinhood accounts. Seems like all they have to do is hand out stimulus checks and have just some of that money trickle Into stocks and like magic markets will rise...
https://www.yahoo.com/finance/news/analysis-1-400-stimulus-checks-060756389.html
Hard to fathom the notion that the checks are for "COVID relief" with so much of it being speculated in the stock market or being used to pay down debt. Lots of people have been feeling "flush with cash" from not paying their rent or mortgage... PLUS getting a stimmy check from the government. This has made the economy look good... even HOT... so long as one ignores the inflation and loss of buying power from currency degradation, that is.
(We'd better watch out. The greedy government might get addicted to all of this "growth", phony as it is... and keep the stimmy checks flowing permanently.... including the possibility of UBI. Of course the notion of "permanent" is limited to the extent our economic system hasn't yet collapsed and everybody has gone bankrupt from inflation and currency debasement.... as we "print & spend" our way down the path of becoming Amerizuela.)
Last edited: