Triplethought wrote: ↑Thu Feb 04, 2021 5:35 pm
SOL wrote: ↑Thu Feb 04, 2021 4:29 pm
In the end all these adminstrations are as signficant as cow dung. The Fed is all powerful and the idea was to get the massses to embrace and accept forever QE, which they have done. The rest as they say is just noise
I know what you mean by cow dung in the long run. Short run they do impact tax and economic policy.
SOL, do you have any opinion on how QE and the never expanding money supply ends? I mean in a 5-10 year time frame. Do they eventually destroy the currency? Or cause Hyperinflation?
Or, as the book "The deficit myth" and the progressive MMT (Modern Monetary theory) states, the deficits and total debt doesn't matter as long as inflation is kept in check. It's all either "green money" or "yellow money" (aka interest bearing T-bills) and the government is in control of both so we're all good.
On a tangent here I suspect Biden and Repubs will compromise at around a 1.2 Trillion stimulus.
Over the years I have learned to worry less and less about the future because today determines tomorrow and tomorrow is the future. I have also noticed that most of the naysayers serve only one purpose and that is to cry wolf all the time, other than that if all of them were locked up in a mental asylum and juiced with high voltage shots every day, the world would not miss them and continue to operate smoothly and most people would live with a lot less stress, the only ones suffering would be the naysayers. Most naysayers live miserable lives, it takes a miserable person to talk crap all the time. I look at any experts track record, if they focus too much on the misery factor, I assign them a score of negative 10 and place them on a list of people to bet against.
Most people mistake trend analysis and assume it's achieved by looking into the future. It is determined by focussing mostly on the now and by allocating some time to historical events. Those that focus on the future only are full of hot air. Now, this sounds like I am going off-topic, but it's not, for the answer is who cares what happens in the future
, if you are giving up today to worry about tomorrow, then you already lost the game.
The most important thing is not to worry about the future but to make sure that you know what is happening now and take advantage of it. if you do that the future takes care of itself. In simple words, until the trend changes, I could care less about all the end of the world conjectures that all these penguins are coming out with.