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Old Posted Feb 19, 2021, 11:32 PM
LouisVanDerWright LouisVanDerWright is offline
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Quote:
Originally Posted by the urban politician View Post
^ I read that article as well, but it's still a bit of a gamble no matter how you cut it
There's already $2 trillion in excess savings sloshing around in the economy from pent up demand and massive stimulus. That's not considering the helicopter drop that Biden is about to make. Most people I know are already plotting the hedonistic binge they are going to undertake as soon as things normalize. Shits about to get wild real quick, who knows how long until the bubble they are inflating pops, but there is going to be intense growth and inflation between now and then. Inflation is essentially a transfer payment to asset holders particularly those holding real estate due to the leverage in that industry.
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