Money Supply Question for the Economists - Are stimulus funds going into bank accounts and staying there?

[ICU 812]

The last stimulus chck went to pay incom taxd. . . .just endorsed th back and sent it in with the paperwork.

The next one will probably com in time for property taxes.

[Lucas McCain]

Originally Posted by farmstud60

This isn't really inflation.

You're completely incorrect but I've already said what I had to say about inflation so there is no need for me to be redundant and say it again.

You old timers always want to bring up the past and I am just talking about simple economics. What in the fuck does Jimmy Carter have to do with today's economic times? I was not even born yet when that fucker was in office. Times have changed drastically since then. Ask Washington Mutual employees. Oh wait, there are none and no WAMU. My bad or maybe ask Lehman Brother employees. Oops, that is a my bad again.

I mean no disrespect, but let's talk about today and not yesterday.

My point is that times are not the fucking same so the past is completely irrelevant. Talk about today and not decades ago to make a salient point about today.

[farmstud60]

by Lucas ". What in the fuck does Jimmy Carter have to do with today's economic times? I was not even born yet when that fucker was in office. Times have changed drastically since then"


That is exactly why you are clueless. You ignore history and think this time is different. Look up the K wave. It is a roughly 60 year economic cycle. For simplicity it basically says it takes the 3rd generation to forget the failures of their grandparents, and repeat the same mistakes over again.

[Strokey_McDingDong]

Lucas has a degree in economics from an ivy league university.

[eccieuser9500]

Originally Posted by farmstud60

by Lucas ". What in the fuck does Jimmy Carter have to do with today's economic times? I was not even born yet when that fucker was in office. Times have changed drastically since then"


That is exactly why you are clueless. You ignore history and think this time is different. Look up the K wave. It is a roughly 60 year economic cycle. For simplicity it basically says it takes the 3rd generation to forget the failures of their grandparents, and repeat the same mistakes over again.

Originally Posted by Lucas McCain

You're completely incorrect but I've already said what I had to say about inflation so there is no need for me to be redundant and say it again.

You old timers always want to bring up the past and I am just talking about simple economics. What in the fuck does Jimmy Carter have to do with today's economic times? I was not even born yet when that fucker was in office. Times have changed drastically since then. Ask Washington Mutual employees. Oh wait, there are none and no WAMU. My bad or maybe ask Lehman Brother employees. Oops, that is a my bad again.

I mean no disrespect, but let's talk about today and not yesterday.

My point is that times are not the fucking same so the past is completely irrelevant. Talk about today and not decades ago to make a salient point about today.

[lustylad]

Originally Posted by Lucas McCain

And yes, I majored in Econ in undergrad and that's all I'll be saying about that to keep it simple regarding the money supply increase because I'm not getting paid to explain more.

You have it all backwards. You should be paying us to read your comments. And paying us double if we condescend to respond to anything you post.

[lustylad]

Originally Posted by Tiny

This means you, Lusty Lad or Captain Midnight.

There's been huge growth in the money supply during the Covid Crisis. M1+M2 has moved up from 19.9 trillion dollars on 3/16/2020 to 25.8 trillion at 12/22/2020.

Over the last 8 months, M1 is up 60% and M2 is up 24%. Taking a comparable period in the 2008/2009 recession, the increases were 8% and 14% respectively. I understand part of the reason for the jump in M1 is that the Fed moved savings accounts from M2 to M1, but regardless both are up a lot.

I realize a lot of this increase was because of the Fed. But does this also mean a good chunk of the stimulus money we're going to have to pay back someday has been going into bank accounts, instead of into, well, stimulus?

And is this a worry when people and businesses start spending again and the velocity of money picks up? Are we potentially looking at inflation down the road?

Good questions. Sorry, but I don't have a crystal ball. Yes, monetary growth is off the charts right now. Is future inflation "baked in"? Probably, but who knows what the Fed will do?

I'm not overly concerned about whether the latest stimulus money is spent or not. IMO just ending the pandemic lockdowns would be worth five more stimulus packages.

Here's a good analysis written last June, before the economy came roaring back in Q3:

https://www.forbes.com/sites/investo...h=7df1a1c78294

[farmstud60]

Originally Posted by Strokey_McDingDong

Lucas has a degree in economics from an ivy league university.

So in other words he needs to get his money back.

[Tiny]

Originally Posted by lustylad

Good questions. Sorry, but I don't have a crystal ball. Yes, monetary growth is off the charts right now. Is future inflation "baked in"? Probably, but who knows what the Fed will do?

I'm not overly concerned about whether the latest stimulus money is spent or not. IMO just ending the pandemic lockdowns would be worth five more stimulus packages.

Here's a good analysis written last June, before the economy came roaring back in Q3:

https://www.forbes.com/sites/investo...h=7df1a1c78294

Thanks for that!

[eccieuser9500]

Originally Posted by lustylad

You have it all backwards. You should be paying us to read your comments. And paying us double if we condescend to respond to anything you post.

Maybe the cowboy's native tongue isn't English. And he actually is a brilliant . . . whatever he thinks he is. Bingo!

[JRLawrence]

Total BS.

The money supply in most nations is about 70% of the GDP. The money supply in the communist nations is higher. The MS in China is two times the amount of the GDP.

Loans in China are seldom available to small, or medium size businesses through regular channels. The state owned (supported) businesses get the loans and may/or may not issue loans to others because the banks don't do it. Thus, the interest rates are much higher (try 18%). China is in deep trouble, capitalism is not.

Can it guy, and go back to school to take some basic courses in finance.












[/QUOTE]

[eccieuser9500]

Originally Posted by JRLawrence

Total BS.

The money supply in most nations is about 70% of the GDP. The money supply in the communist nations is higher. The MS in China is two times the amount of the GDP.

Loans in China are seldom available to small, or medium size businesses through regular channels. The state owned (supported) businesses get the loans and may/or may not issue loans to others because the banks don't do it. Thus, the interest rates are much higher (try 18%). China is in deep trouble, capitalism is not.

Can it guy, and go back to school to take some basic courses in finance.

Thanks for the flattery. Anyone else keeping up with this angle?

Aussie Aussie Aussie!

Oi Oi Oi!

[Strokey_McDingDong]

[eccieuser9500]

Now that's what I'm talkin' about.

The man who introduced Chomsky and Socialism to this once Right-wing-dominated forum is being Xeroxed.



Noam Chomsky Explains the Cold War in 5 Minutes


https://www.brainpickings.org/2011/0...-in-5-minutes/

It was, rather, arguably the most significant nonviolent political conflict in modern history. In this rare footage from a 1985 discussion, Noam Chomsky — one of our era’s greatest living thinkers — explains the whole complex phenomenon of the Cold War in just over five minutes, without resorting to reductionism and oversimplification.

Ranky must be lost in the

. . . world of parler.

[eccieuser9500]

I found the evidence of voter fraud.


The Press: Can we see it?

Uuuhhhmmm . . . .