betapilli Posted March 13, 2021 Report Posted March 13, 2021 3 minutes ago, veerigadu said: Economy is going to crash only when there is no printing and when there is high interest rate. Since neither of them is gonna happen. Economy will never crash. The rich will become richer antheew If the interest rates stay low, how will banks make money? Wait until people stop paying back loans, banks won't have an option but to increase interest rates. Economy will crash when the market crashes. Economy doesn't represent the market usually, but if the market crashes, there is no way the economy can sustain. Quote
veerigadu Posted March 13, 2021 Report Posted March 13, 2021 8 minutes ago, betapilli said: If the interest rates stay low, how will banks make money? Wait until people stop paying back loans, banks won't have an option but to increase interest rates. Economy will crash when the market crashes. Economy doesn't represent the market usually, but if the market crashes, there is no way the economy can sustain. Interest rates will stay low and money will keep getting printed. Look out how much money flow vomerica has now. You will be surprised Quote
modi_bhakth Posted March 13, 2021 Report Posted March 13, 2021 10 hours ago, Raazu said: Jobless and unemployment benefits midha vunna vallaki isthe saripothadhi! emi presidents o emo,, atleast they can get the payments for 3 or 4 months, if they focus on only jobless people! Aa dabbulu icheedi spending/buying power penchadaaniki @Raazu gaaru adhi economics, emotion kaadhu mana fingering avasaram ledhu Quote
Original Profile Posted March 13, 2021 Report Posted March 13, 2021 Mari 150k+ vacche vallaki bokka...no stimulus. But eventually burden matram everyone will pay along with others. Adedo andariki isthe baguntundhi Quote
RULER Posted March 13, 2021 Report Posted March 13, 2021 All stimulus money is asking people to spend it regardless of you having job, poor or rich ... so they stimulate the economy .. Don’t worry who get this stimulus checks .. the duty of person who receive it is to spend it and America knows very well how to take it back from you ... you pay tax to earn money you pay tax to buy something you pay tax to sell something you pay tax inherit something you pay tax to stay in home you pay tax on capital gains you pay tax to drive the car ...etc etc More than 50% of your earned income goes into tax ... Even-though if you have strong will to not to spend ...end of the year ...there is Black Friday. ...Deals Deals Deals ... they will make you spend .. It’s all helps in stimulating economy...stimulating economy will help not push us into recession... Not in recession means we keep our jobs ... even if we lost job due to covid .. if economy is good people get it back while temporarily leaving on government benefits ... even thought it’s a temporary debt to America ...it’s not a big deal in long term .. Just think if everyone cut there spending back to basic and did it immediately ...economy would grind to a halt... that in return collapse the economy and results recession and turn into a depression So It’s a win-win deal to everyone .. Quote
Recommended Posts
Join the conversation
You can post now and register later. If you have an account, sign in now to post with your account.