3 ms·
Ehhhhh You have to be careful with that. The market is a fickle beast; there's a chance that a stimulus too early may make future stimulus less effective, sinc
by to11mtm 7y ago
Ehhhhh You have to be careful with that.
The market is a fickle beast; there's a chance that a stimulus too early may make future stimulus less effective, since "it didn't work earlier".
- pbourke 7y agoI think they should be planning for a substantial fiscal stimulus. Something like a temporary expansion in medicare, guaranteed free testing, etc. A temporary expansion in funds for paid sick time. Expansion of unemployment benefits. Or just say fuck it and cut people checks every month for a while. Plan to have these ready in case they're needed. Health-related ones can probably be activated soon (esp testing). Chance of any of this happening: 0%.
- brettproctor 7y agoHong kong already giving out $1,200 to each resident: https://fortune.com/2020/02/26/hong-kong-economy-stimulus-cash-handout/ https://fortune.com/2020/02/26/hong-kong-economy-stimulus-ca...