Fanatical Meat
Lifer
- Feb 4, 2009
- 35,862
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Markets were getting a big shaky again for to CV breakouts in South, plus Biden has a big Infra plan he wants to push, so no better time for another BS attempt to goose the traders and the voters.
Only wild card is if Ds actually bite rather than wait for a real bill from Biden.
The Trump govt is the closest thing that Americans have seen to socialism in most peoples' lifetimes. Not real socialism, mind you, but under Trump's directions, the govt is handing out trillions in public monies to people and corporations, paying people not to work, and having the Fed inject ridiculous sums into the markets. And now Trump proposes even more govt spending on top of all that with an FDR-esque infrastructure plan. All in the hopes that Trump can ride the liquidity bubble to re-election.I'm trying to figure out if this is some meta-market or what but it seems anecdotally at least that you could make a lot of money buying stocks based on Trump's bullshit announcements and then selling them shortly thereafter once everyone realizes yet again he's making shit up.
I mean stimulus is always borrowing, which is not a problem.Record jump in retail sales says the stimulus money worked. But it was borrowed money from us... so... winning?
I mean stimulus is always borrowing, which is not a problem.
The problem is that the month to month percentage increases should basically be ignored because they are coming from a super depressed level and are still substantially below rates for last year. (-6% y/y is a catastrophe)
The same thing will happen when we get Q3 GDP. It will probably be the largest increase in one quarter in history and conservatives will lose their minds about it. It will also be way below last year’s GDP, which is a catastrophe.
