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2020-02-28 Economy
Spengler: The US should tackle coronavirus fears with massive fiscal stimulus
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Posted by g(r)omgoru 2020-02-28 06:39|| || Front Page|| [11132 views ]  Top

#1 Pardon me, the Fed hasn't let up on its Obama era massive fiscal stimulus to start with. Banks directly are funded by the Fed which is why saving deposits pay crap. Why bother with enticing savings with a decent return on investment when the Fed just turns it over to you for basically nothing?

This all smacks of the money boys looking to protect their racket rather than dealing with the fact that so many business tied themselves to China rather than taking the hint and moving labor and production back to the US. One of the aspects of real capitalism is literally life and death of companies that fail to be managed for the long term rather than the quick buck. Adapt, improvise, overcome.
Posted by Procopius2k 2020-02-28 07:02||   2020-02-28 07:02|| Front Page Top

#2 Ref #1: Why bother with enticing savings with a decent return on investment when the Fed just turns it over to you for basically nothing?

Which forces investors away from banks and insured deposits and into the Wall Street Las Vegas markets. What could possibly go wrong..... oh wait !

The banks haven't needed our money (investments) in many years.

Posted by Besoeker 2020-02-28 07:09||   2020-02-28 07:09|| Front Page Top

#3 Goldman always seemed like one of the saner voices. Not this time. I'd love to hear what Jude Wanniski would have to say.
Posted by M. Murcek 2020-02-28 07:38||   2020-02-28 07:38|| Front Page Top

#4 I'm putting my money in cans of SPAM. Worse case, I can eat my losses.
Posted by Count Galeazzo Untervehr7098 2020-02-28 07:42||   2020-02-28 07:42|| Front Page Top

#5 Yeah fukin A we can bring back the one thousand dollar bill and wear them for face masks! Trump and his team should love that idea and ok it!
Posted by Unock Phuling2028 2020-02-28 07:43||   2020-02-28 07:43|| Front Page Top

#6 Damn, this guy sounds jut like Paul Krugman, doesn't he? Throwing gobs of money at the problem works every time it's tried, doesn't it?

He should / will get reamed by the Dems for wanting to 'raid Social Security', thus insuring someone out there is either laughing at him or ripping him.
Posted by Raj 2020-02-28 09:08||   2020-02-28 09:08|| Front Page Top

#7 I would hold off until it seems things will collapse without it.

The bank I work at learned its lessons from the 2008 crisis and is working with customers that have supply lines in China so they can continue to have credit and operate during this time.
Posted by DarthVader 2020-02-28 10:49||   2020-02-28 10:49|| Front Page Top

#8 Never let a chance to loot the common man crisis go to waste.
Posted by Bright Pebbles 2020-02-28 11:03||   2020-02-28 11:03|| Front Page Top

#9 Some investment in domestic production of pharmaceuticals might be in order, computers too while you're at it.
Posted by Abu Uluque 2020-02-28 11:33||   2020-02-28 11:33|| Front Page Top

#10 A payroll tax holiday is not a bad idea. Directly tied to increasing domestic employment of wage & salaried workers rather than execs or offshore jobs.
Posted by Lex 2020-02-28 11:37||   2020-02-28 11:37|| Front Page Top

#11 ^ This
Posted by M. Murcek 2020-02-28 12:31||   2020-02-28 12:31|| Front Page Top

#12 And think of all the goodies they sneak in, like they just did with FISA reauthorization in the Coronavirus bill.
Posted by charger 2020-02-28 20:36||   2020-02-28 20:36|| Front Page Top

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