equity indexes, and large cap, surely? The rest of the market has been stagnant for the majority of the year...
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Thomas Hoenig, Fed Reserve Dissenter
- Thread starter VicBee
- Start date
equity indexes, and large cap, surely? The rest of the market has been stagnant for the majority of the year...
What are they? OTC? You sure?We are not going to have a recession as long as people get off their a$$'s and go back to work once the economy re-opens. There are OTC anti-covid pills available now so there is no excuse to keep everything closed and banned anymore.
What are they? OTC? You sure?
I read from somewhere that the pill is supposed to be OTC without prescriptions. Looks like I might be wrong.
Here is the reason why they will not raise interest rates:
Low interest rates just delays the eventual collapse. It also creates a scenario where large institutions just own everything. Blackrock & the vultures in Silicon Valley pretty much own everything as it is.
These bail outs only help large institutions. First the banks then the airlines it just goes on and on. We need a 1930s type collapse or better yet like the long depression. Without collapse there is no risk in the system. Apparently humans only change when they are destitute.
These bail outs only help large institutions. First the banks then the airlines it just goes on and on. We need a 1930s type collapse or better yet like the long depression. Without collapse there is no risk in the system. Apparently humans only change when they are destitute.
Our economy has harbored a major distortion for nearly 40 years. It's been due to the majority of our population living on credit*. The current administration's policies, if they can implement them, should reduce the size of that distortion. It will be interesting to see the result. But intuitively it seems the right direction to go in. As a capitalist I may welcome economic distortions if I can take financial advantage of them; as a citizen, however, I prefer a more honest economy.Low interest rates just delays the eventual collapse. It also creates a scenario where large institutions just own everything. Blackrock & the vultures in Silicon Valley pretty much own everything as it is.
These bail outs only help large institutions. First the banks then the airlines it just goes on and on. We need a 1930s type collapse or better yet like the long depression. Without collapse there is no risk in the system. Apparently humans only change when they are destitute.
*I don't mean mortgages and Car loans, I mean borrowing on a credit card to get the car repaired, to pay for the kids braces, to pay the utility bills, etc...because there are no savings to fall back on.