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The Biden Recession Thread
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<blockquote data-quote="Up In Smoke" data-source="post: 5517896" data-attributes="member: 79702"><p>Check again, housing, autos and discretionary goods all rose 12-20% in 2020 as the government pumped trillions of dollars into the consumers pockets. The tax cuts along with the Fed's rate cuts in 2019 started the ball rolling. We saw record profits in 19, 20 and 21 because of low interest rates and little regulation as to who qualifies for loans. Inflation is a worldwide event caused by too much my money in the system. It needs to be removed, but very carefully and slowly.</p></blockquote><p></p>
[QUOTE="Up In Smoke, post: 5517896, member: 79702"] Check again, housing, autos and discretionary goods all rose 12-20% in 2020 as the government pumped trillions of dollars into the consumers pockets. The tax cuts along with the Fed's rate cuts in 2019 started the ball rolling. We saw record profits in 19, 20 and 21 because of low interest rates and little regulation as to who qualifies for loans. Inflation is a worldwide event caused by too much my money in the system. It needs to be removed, but very carefully and slowly. [/QUOTE]
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