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when the economy is essentially in a medically-induced coma, spending is a fungible activity. flood all the sectors with money to keep them

Posted by: joe exotic (a.k.a mickpix) on Apr 09, 11:43 in response to Antibody's post The idea is to pay for essentials like food, rent,...

alive until things can reopenĀ 

Corona money starting to go out today/tomorrow/soon. While some people obviously need it, mostly its just going to go to new tvs and phones? {nm} islndr Apr 09, 10:54

im ok so far on bills. will save some but probably new eyeglasses and mattress at top of list {nm} islndr Apr 09, 10:54

Well, non-essential stores are still closed. {nm} Antibody Apr 09, 11:05

still some places to buy, or curbside/online, but locally our lowes got cease and desist for selling non essential at least {nm} islndr Apr 09, 11:15

the point of sending stimulus checks is for them to be spent {nm} joe exotic Apr 09, 11:26

And here I thought it was so people could keep buying food for a little while longer. {nm} DTravel Apr 09, 11:29

also spending! {nm} joe exotic Apr 09, 11:32

theoretically family of 4 in MI could have free $5300 in their account tomorrow (2 unemployed adults, 2 kids) Crazy money {nm} islndr Apr 09, 11:34

honestly, when the economy is contracting $15b a day so long as it stays in shutdown mode, a mere drop in the bucket. EU is doing far more joe exotic Apr 09, 11:42

The idea is to pay for essentials like food, rent, utility bills, credit card debt...etc. {nm} Antibody Apr 09, 11:35

when the economy is essentially in a medically-induced coma, spending is a fungible activity. flood all the sectors with money to keep them joe exotic Apr 09, 11:43

every corona dime the people here get is going to either amazon apple bestbuy & walmart and not to rent/bills. this will turn into a mess {nm} islndr Apr 09, 11:56

if those companies can continue to pay their workers, which are some of the few jobs still going these days, that's actually good joe exotic Apr 09, 12:00





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