07-14-2020, 06:31 PM
(This post was last modified: 07-14-2020, 06:33 PM by Crafter Artisan.)
(07-14-2020, 01:21 PM)chrisk Wrote:(07-14-2020, 08:53 AM)OutsiderFan Wrote:(07-14-2020, 08:20 AM)chrisk Wrote: This is just sour grapes from Gundlach because bonds are not good investments.
This could well be the case. It doesn't change the point he makes, does it?
It's just a total bunch of rubbish that the Fed can print money without limit. That's - theoretically - why we pay taxes.
The Fed is saying that the job is mostly up to fiscal and health policy now.
President of Dallas Fed Kaplan just said that 100% mask wearing would significantly help GDP. He also said that extension of unemployment benefits (but restructured) is essential.
If Trump wanted to stay true to his nature, he could implement just such an extension in a modified form. Beginning on August 1, the amount would be 86% of the income of the recipient's most recent regular employment position, and it would be called the Federal Unemployment Compensation Kickstarter.
". . . Now you see that evil will always triumph, because good is dumb!"
-- Rick Moranis as Dark Helmet in Spaceballs (1987)
