3 ms·
Related to this, one of my major concerns for 2021 and beyond is how much money we're [0]printing and the effect that will have on people's purchasing power. Co
by Proziam 6y ago
Related to this, one of my major concerns for 2021 and beyond is how much money we're [0]printing and the effect that will have on people's purchasing power. Couple that with the fact that a huge portion of small businesses in the US are [1]closed forever, many with severe financial repercussions for the owners (who are totally average people, not the upper class many think of when 'business owner' gets used as a term).
In short, I think we're going to be in for massive long-term unemployment (and underemployment) coupled with inflation beyond what anyone living today in the US has experienced. I'm not too confident about the state of this nation's finances
[0] https://fred.stlouisfed.org/series/M1 https://fred.stlouisfed.org/series/M1
[1] https://www.cnbc.com/2020/09/16/yelp-data-shows-60percent-of-business-closures-due-to-the-coronavirus-pandemic-are-now-permanent.html https://www.cnbc.com/2020/09/16/yelp-data-shows-60percent-of...