a thoughtful web.
Good ideas and conversation. No ads, no tracking.   Login or Take a Tour!
comment by uhsguy
uhsguy  ·  1334 days ago  ·  link  ·    ·  parent  ·  post: Real GDP, percentage change from previous peak

There is probably more money to spend than before covid honestly. Short term the extra 600 has acted like a 30k a year ubi. Problem is there is nothing to spend it on except bikes video games and groceries.





user-inactivated  ·  1334 days ago  ·  link  ·  

How much of that do you think is gonna go towards paying debts and back rent and stuff or end up being stashed under mattresses? Having money and having money to spend aren't necessarily the same thing, and if this recession has spooked the spendiness out of people . . . that's gonna slow the recovery.

kleinbl00  ·  1333 days ago  ·  link  ·  
kleinbl00  ·  1334 days ago  ·  link  ·  

user-inactivated  ·  1333 days ago  ·  link  ·  

I quit economics. How's it suppose to make any sense if people don't even make any sense?

uhsguy  ·  1334 days ago  ·  link  ·  

Probably not much for debt, under the mattress definitely. I think the bottom 50% spent like 3% more the top 50% 10% less. If you get rid of the 600$ that money will instantly exit the economy and it’s a gonna be the economic second wave. Go long ammo.