Subject: Stimulus and Your Wealth
Stimulus and Your Wealth
October 31st, 2020 at 8:50 am +07Stimulus and Your WealthHousehold Wealth plunged by a record-breaking $7.2 trillion during the first quarter of 2020. It then recovered all of that and more, $7.6 trillion, during the second quarter. Covid and the lockdowns were responsible for the c ...
Understand Money
October 24th, 2020 at 2:53 pm +07Understand Money Monetary Policy is the US government’s most powerful economic policy tool. The Fed is currently creating $120 billion a month and pumping it into the financial markets. That explains why stock prices are so high and why interest ra ...
Bank Reserves Are Irrelevant. QE Works!
October 17th, 2020 at 9:03 am +07Bank Reserves Are Irrelevant.QE Works!Many people believe that when the Fed creates money through Quantitative Easing, that that money simply gets stuck in the banks as Bank Reserves and does nothing to help the economy. That idea is incorrect. The m ...
Dire Consequences Without New Stimulus
October 4th, 2020 at 9:23 am +07Dire Consequences Without New StimulusIf Congress fails to pass a new economic rescue bill soon, the United States is likely to experience a new severe economic downturn that could bankrupt the US financial sector and destroy millions of additional j ...