10-12-2020, 08:46 AM
How is this thread about stimulus again?
According to Credit Karma, 1 in 5 Americans will be out of money by Nov. 1. There is no moratorium on evictions. CRE and the underlying CMBS is in danger of collapse.
The Fed says it is ready to magically create $3.5 Trillion to buy U.S. debt (that will never ever be paid off) to fund various rescue programs. Of course, the debt is now the same size as GDP. We have 50 people in the United States who have as much wealth as over 150 million Americans. It's time to massively increase taxes on them so we don't further devalue the wealth of most people in the country.
[tweet]https://twitter.com/business/status/1315335870254182406[/tweet]
According to Credit Karma, 1 in 5 Americans will be out of money by Nov. 1. There is no moratorium on evictions. CRE and the underlying CMBS is in danger of collapse.
The Fed says it is ready to magically create $3.5 Trillion to buy U.S. debt (that will never ever be paid off) to fund various rescue programs. Of course, the debt is now the same size as GDP. We have 50 people in the United States who have as much wealth as over 150 million Americans. It's time to massively increase taxes on them so we don't further devalue the wealth of most people in the country.
[tweet]https://twitter.com/business/status/1315335870254182406[/tweet]