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Saturday, May 16, 2020

The US economy will be in deep troubles if it continues to inject free monies. - Part 2

https://www.malaymail.com/news/world/2020/05/16/us-house-passes-us3t-covid-19-aid-bill-opposed-by-trump/1866674

The US house has just added another US$3T bill which will further increase its total debts.  The US has to print more monies to fund all these stimulative bills.

Let's recap:

http://sg-stock.blogspot.com/2020/04/the-us-economy-will-be-in-deep-troubles.html

1. Reduce interest rate to Zero.
2. Implement a US$2.2T pandemic relief program.
3. Implement a US$2T infrastructure bill.
4. Implement a US$2.3T funding program.
5. Implement a US$484B coronavirus bill.
6. Implement a US$3T pandemic bill.

All these plans have totalled US$9.984T insofar and the debts will continue to mount in the future.  Furthermore, the US will also continue to print more monies to supersede its rejected negative rates policy.

http://sg-stock.blogspot.com/2020/05/what-will-us-fed-do-after-rejecting.html

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