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Non-Tech : Kirk's Market Thoughts
COHR 178.34-10.2%Dec 12 9:30 AM EST
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To: Kirk © who wrote (16241)7/1/2023 12:23:05 PM
From: #Breeze  Read Replies (2) of 26769
 
If that PPP program was not enacted the US would have suffered a catastrophic Depression. The sum total of that program filled the gap of the decline in GDP that the Pandemic caused. The inflation thereafter was caused by the shortfall in supply. And the spike in crude oil prices. The use of crude oil (costs) is prevalent throughout the supply chain.

And what did the current Admin do? More spending that fueled more inflation instead of focusing on the supply side.

Many unintended consequences occurred but that's a feature of all Gov't programs.
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