"The public doesn’t realize it yet, but many of the businesses that shut down over the past couple months are not coming back."
Lost amidst all the talk of Covid-19, economic shutdowns, and stimulus is one simple but incredibly important question… Just who is going to pay for all of this?!?!
"Yes, another $4-6 Trillion in QE will likely be successful in inflating a third “bubble” to counteract the last deflation."
"And it only took a little more than one year to do it."
"Should the United States lose its status as the global hegemon, bipartisan fiscal profligacy must surely take a major part of the blame."
"...fiscal profligacy has been marked by extraordinary levels of bipartisan collegiality."
"...almost 60% of Americans are so financially strapped that they don’t have even $500 in savings and nothing whatsoever put away for retirement, and yet they are being forced to pay for government programs that do little to enhance or advance their lives."