4 ms·
Well, the game plan seems to be : 1- Increase fiscal spending 2- Increase wages 3- Give out very cheap credits from governemnt controlled banks at negative rate
by johnthewise 4y ago
Well, the game plan seems to be :
1- Increase fiscal spending
2- Increase wages
3- Give out very cheap credits from governemnt controlled banks at negative rates.
and you will get increase in consumer spending(happy people) and employment which will cause increase trade deficit to explode[1] unless you have some money of unknown origins(the net errors omissions) to pay the bill[2].
If they have a stash of approx. $60 B parked somewhere, which seems they do, they may succeed in 'buying' the elections coming up. Need to take a closer look at the polls in the coming months to gauge voter sentiment, which has started turning in favor recently. This is a crystal clear example of why non-independent central banks and monetary policy is dangerous for democracies, you can basically try to buy the elections...
1:https://twitter.com/ali_hakan_kara/status/1575759533053313024 https://twitter.com/ali_hakan_kara/status/157575953305331302...
2:https://twitter.com/ali_hakan_kara/status/1569227497467699200 https://twitter.com/ali_hakan_kara/status/156922749746769920...