Loading ...Re The consumer economy’s foundation is built upon the sand of the falling consumer household income. Now that the corona virus is washing away the economy’s foundation, it’s starting to crumble. Giving money to the big banks won’t stop this.
As long as assets including bonds are perceived as too big a risk to buy or loan including Repo market it won’t do any good.
Trump could “ can” actually make actually better trade deals without having to manipulate the currency Japan and others did for cheaper dollars to do it. All while the clueless were trying to give our country away and take us down with them by using us all these years. This also helped the consumer strength that was holding things up. China screwed even themselves letting this virus loose.
It finally set the catalyst to bring our jobs home and Trumps the man to do it. The others sure aren’t like sleepy Biden and his useless offspring Hunter. They’re not good for anything but running their mouth against their own country. Funny the Democrat states are said to be worse off with this virus less numbers fixed although fought against closing the borders “as usual” and inviting it in to infect them.
They appear all to happy to bring a economy down they can’t fix or probably don’t even want to when they can make billions putting their useless offspring on a board for something for them noting for us but more job loss.
On top of that they want to replace a whole lot of jobs with computers including truckers with self driving trucks which is a disaster waiting to happen on the roads as well.
I guess that’s where Gates come in to get rid of all those what he calls “excess people.” They never learn and will screw themselves when all these excess people are competing for their jobs when they’re willing to do it for less just like they did to them.
In the meantime looks like Trumps gonna be bringing more jobs home and more eyes than ever open now after supply shortages cause by clueless politicians and their lobbyists and tax the rich and middle class like their atm machines. I bet they’re already getting some ideas now.
Meanwhile with interest rates so low after 08 what are they going to do now? QE forever??
I wonder under current economic conditions the repo market and their assets crumbling if banks are gonna be safe down the road and the lefties here and globally are sure in a hurry to eliminate currency and cash for all digital. So what then our money disappears with them while inflation rockets