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user-inactivated · 1362 days ago · link · · parent · post: Real GDP, percentage change from previous peak
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.
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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.