$6 trillion / 330 million people = $18,000 a person
If you aren’t $18,000 richer after all is said and done, don’t worry, someone else is.
— Nick Maggiulli (@dollarsanddata) March 25, 2020
Friendly Reminder: Giving someone $1,200 isn't going to inspire them to go buy a Chevy Tahoe….particularly if they're worried about hospital bills or just paying the rent because they wonder if they'll have a job next week.
— Brad Huston (@BradHuston) March 25, 2020
Congress has agreed to a $2 trillion stimulus bill to rescue the U.S. economy. There is only one slight problem with this rescue plan. It relies on the Fed to rescue the government. But since all the Fed has is a printing press, who will rescue the dollar? No one. Buy #gold now!
— Peter Schiff (@PeterSchiff) March 25, 2020
This is how the futures are reacting after the $6 trillion stimulus announcement (on top of unlimited QE!).
That doesn’t exactly inspire confidence.
— Jesse Colombo (@TheBubbleBubble) March 25, 2020