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Thread: The Great Bailout - how it works?

  1. #21
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    Re: The Great Bailout - how it works?

    Quote Originally Posted by humbolt View Post
    I agree that this is inflationary. Three weeks ago the size of this iceberg wasn't as apparent as it is now. Given Pelosi's delays - noted by the urgency of the governor's calls - I think it's safe to say Nancy doesn't share their sense of urgency.
    How is it inflationary?

    My concern is that we may have some inflation, but that is due to manufacturing plants shutting down, making supply tighter.
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    Re: The Great Bailout - how it works?

    Quote Originally Posted by imagep View Post
    yet none of that happened. The bill was written by Senate republicans, not Nancy Pelosi in the House. It was republicans trying to delay the bill in the Senate, they wanted days more of floor debate, dems said that they could resolve the issues faster in conference. Dems were successful.
    I think my version is closer to correct. The Kennedy Center did get $25 million - to fight the coronavirus, I'm sure. Refresh my memory. Was that in the original Senate bill? Oh, wait. No, it wasn't. Remind me who added that.

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    Re: The Great Bailout - how it works?

    Quote Originally Posted by imagep View Post
    How is it inflationary?

    My concern is that we may have some inflation, but that is due to manufacturing plants shutting down, making supply tighter.
    Ask yourself how much a Chevy would cost if everybody in the country had at least a million dollars, and Chevy's were in short supply. That's an extreme example, but the principle is the same. Of course, if we're out of work long enough, that problem goes away, and a whole new, much more serious bunch of problems will be front and center.

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    Re: The Great Bailout - how it works?

    Quote Originally Posted by humbolt View Post
    Ask yourself how much a Chevy would cost if everybody in the country had at least a million dollars, and Chevy's were in short supply. That's an extreme example, but the principle is the same. Of course, if we're out of work long enough, that problem goes away, and a whole new, much more serious bunch of problems will be front and center.
    Recessions are the result of a lack of demand. You won't find one where prices went up, except possibly for imported oil.
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    Re: The Great Bailout - how it works?

    Quote Originally Posted by JohnfrmClevelan View Post
    Recessions are the result of a lack of demand. You won't find one where prices went up, except possibly for imported oil.
    Right, but I'm mentioning inflation, and not a recession. I don't think any inflation matters at all right now, but the relief package may cause some of it, depending on how long the economy is dormant.

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    Re: The Great Bailout - how it works?

    Quote Originally Posted by humbolt View Post
    Right, but I'm mentioning inflation, and not a recession. I don't think any inflation matters at all right now, but the relief package may cause some of it, depending on how long the economy is dormant.
    Well, we're heading into a deep recession, so things that one can expect in a recession are relevant. Demand drops, prices drop. The only "inflation" we are likely to see is a very temporary jump in the price of toilet paper. Pretty much everything else is going to suffer from lack of demand.

    When you think about the government spending, remember that it's there to fill a void, not add to the normal amount of spending. Same with the dollars - demand for loans is going to go down, so there will be a void to fill.
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