05-20-2020, 10:41 AM
(05-20-2020, 08:12 AM)LPDec63 Wrote: So, reading through this thread is interesting now that we know that we have a new great recession with Depression level unemployment.
Also we have literally zero interest rates and an Oil collapse.
Interesting times indeed.
I figured that the Obama bull market would fall apart if mishandled. There has been plenty of chaos in the securities markets. Zero interest rates mean that the government has to subsidize private investment to encourage it... negative taxes?
High unemployment rates will erode some, but probably not enough to save the Trumpenstein monster in November.
The ideal subject of totalitarian rule is not the convinced Nazi or the dedicated Communist but instead the people for whom the distinction between fact and fiction, true and false, no longer exists -- Hannah Arendt.