The Financial Collapse of 2001 Unwinding Message Board

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Strategies & Market Trends : The Financial Collapse of 2001 Unwinding

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To: louel who wrote (5192)	4/21/2020 6:36:00 AM
From: elmatador	of 13801

paying scant attention to what's arguably the most damaging and enduring aftershock from the Covid-19 pandemic: the outbreak in deficits and debt to levels not witnessed since World War II. Who is going to pay for the bailouts? What the $2 trillion coronavirus bailout is really going to cost Americans will pay the price of the economic rescue package: Not in higher taxes to service the debt or higher inflation, but in a slide toward a boom-and-bust economy. People cross a street in Washington during a quiet and nearly desolate morning rush hour Thursday. The coronavirus has changed day-to-day life and has spread fear as the number of the sick rises. (Matt McClain/The Washington Post) By Steven Pearlstein April 5, 2020 at 10:24 p.m. GMT+3 Economists tell us that there is no such thing as a free lunch — that you must always give up something of value to get something you value more. But Americans may be getting something close to a free lunch in the $2 trillion economic rescue package, thanks to an accommodating Federal Reserve and a financial slight-of-hand known as “monetizing the debt.”

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