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Hold on to your butts! By the time this coronavirus crisis is over, the stock market is going to accelerate into overdrive. Infinite QE, will push stock price
by blackrock 7y ago
Hold on to your butts!
By the time this coronavirus crisis is over, the stock market is going to accelerate into overdrive.
Infinite QE, will push stock prices higher and higher.
Trump is going to give $4 Trillion dollars away, to corporate America. That’s with a T. These are going to be in loans, that can be forgiven.
Housing will likely double in 10 years. If you thought a $700,000 house is expensive now, then in 10 years, this will look like a bargain. That same junk house will go for a cool $1.4 million.
Everything will cost more. Groceries, gasoline, cars. But your salary will remain the same.
I hope you can afford a 60 year mortgage, because that is what you’ll need to get.
Welcome to the next stage in America. The rich oligarchs got their way, and will now begin to enslave your children.
- JamesBarney 7y agoI'd immediately quit my job and get into the house building game. I don't really know what I'm doing but if labor costs halve relative to the price of a home, I'd be rolling in it.
- thulecitizen 7y agoIt will be so fun if we turn real life into the game of Monopoly. Oh wait...
- JamesBarney 7y agoThe point is the cost of everything can't double while labor costs stay the same because labor makes up so much of the cost of the all the goods we consume.
- Der_Einzige 7y agoMonetary and fiscal policy won't solve the viruses exponentially deleterious impacts. They will mitigate them at best. Your scenario is in fantasy land. You're welcome to lose money by betting on the stock market going up in 6 to 12 months though!
- dntbnmpls 7y agoThe stock market skyrocketed after the spanish flu ( the roaring 20s ). As a matter of fact, pandemics/epidemics have proven to be great boosts to the economy. Historians even credit the renaissance and rejuvenation of europe to the black plague. As long as a pandemic isn't followed by an invasion and genocide ( aka native americans ), the years following a pandemic should see economic growth.