Turnaround Tuesday – Extra Stimulus Rumors as Powell Speaks


National debt would explode if Trump or Biden wins, but who cares?MORE FREE MONEY!

That is what this financial system is predicated on and that is what the folks anticipate.  The way in which we earn money in America is by MAKING MONEY – actually printing it and giving it away like… cash.  I used to be going to say like sweet however you possibly can’t create sweet out of skinny air so, if you happen to tried to provide away $6Tn in a 12 months, you’ll go bankrupt and create sugar and labor shortages and even Bazooka Joe would run out of concepts for intelligent cartoons on the wrapper.  However MONEY – that’s created by merely flipping a swap on the Fed that provides one other zero to the stability sheet.  

Since 2008, our Nationwide Debt has climbed from a stunning $8Tn to what’s a now a “Who provides a f*ck anymore?” $27Tn and, whether or not now or subsequent quarter, the market is execting AT LEAST $2Tn of further stimulus and at the least $2Tn of further debt in 2021 (there is not any method to cease Trump’s fiscal-year funds now) so we’ll be over $30Tn in debt by the tip of Q1 – greater than 150% of our GDP.  How lengthy do you assume this will go on?  







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