And what will we buy with that money, if everyone is sitting at home, unemployed?
🤔
Discussion
Jobs, market bonds, oil, anything to keep this illusion alive..
If gas were to hit $6/7 a gallon for example, it’s instant recession depression..
The ECB has big infrastructure funds and they can't seem to find projects and workers to spend it on, so it just sits there.
Oil will continue to fall because of the effect of reduced production and unemployment.
I think we can expect real prices to collapse.
Typically gas prices fall into recession
But ultimately you’re right, the crack up fake boom of money printing will destroy all pricing
It's funny that you think we will get any meaningful amount of that fresh money.
It's funny that you think there is any amount of freshly-printed money that could be meaningful.
Haha it's meaningful if you have it
You would have to spend it extremely quickly. Funnel it all into Bitcoin, I suppose, hence the ETF. Hard to find other markets that can absorb excess currency that efficiently.
Didn't Lagard call it the "safety valve"?