OMG what a ramble less than 10 % of the money being pumped into the ecconomy is making its way into the economy - the banks are sitting on the money and lending it back to the fed The fed needs to stimulate the economy to get full employment - that's the stated objective - a falling $US promotes US goods making them more competitive internationally especially against the Chinese Yuan - that's going up as the $US goes down. so being more competitive helps the economy and employment as the US economy grows profits go up and so does the tax take helping to balance the US deficit. inflation and growth helps reduce the percentage of debt to GDP the US can't afford rising interest rates - the debt is so high they will struggle to pay the interest so don't worry about rising interest rates for a while yet we are entering a unique period of world growth as the covid handbrake is taken off world economies and stimulus packages - remember raising interest rates are a very blunt instrument there's other ways to take money out of the system to tame inflation such as higher tax rates and removing deductions - these will be coming
ESH Price at posting:
1.9¢ Sentiment: Buy Disclosure: Held
