Predictions for further stimulus

[cypher1]

I think we will definitely see at least one more direct payment to individuals, in an amount larger than $600, and quite soon.

Personally, I would like to see more help focused at those who have been directly impacted. (Loss of income due to Covid, need to be home with minor children due to Covid, etc.)

Agreed as well. I expect or hope others will get another check beyond that amount. I already have friends out of state talking about what they want to spend on (while thinking, "Don't you have student loans and car payments to deal with?"). I'd rather see the spending on food and medical for those that truly need it targeting the homeless and recently unemployed, but won't argue if others get an extra money for support.

Slightly off topic, but I was telling friends now is a good time to start selling stuff, with stimulus checks and tax season right around the corner.

[disneysteve]

Personally, I would like to see more help focused at those who have been directly impacted.

Agreed. I wish they could target those who actually need the money. Sure it's nice that my daughter got that $600 last week, but she has been working steadily since July so it's a total bonus to her. She wasn't in need in any way.

I wish businesses could get help as well. Let's shut down indoor dining and create a relief fund for restaurants. So many businesses are operating in a way that is just contributing to the spread of Covid but what choice do they have?

[Petunia 100]

Personal political views and rantings aside, what is your prediction for further economic stimulus going forward now that the Democrats have taken Congress and the White House?

I think we will definitely see at least one more direct payment to individuals, in an amount larger than $600, and quite soon.

Personally, I would like to see more help focused at those who have been directly impacted. (Loss of income due to Covid, need to be home with minor children due to Covid, etc.)

[disneysteve]

That seems like a very "head in the sand" mentality.... While inflation has been muted over the last 15 yrs of wild spending, the cows will come home to pasture eventually.

Oh I agree that inflation will come back at some point. We can't shoot up the debt by trillions without any impact down the road. But something needs to be done in the near term to help people and businesses with the effects of the pandemic, closures, unemployment, etc.

[corn18]

That seems like a very "head in the sand" mentality.... While inflation has been muted over the last 15 yrs of wild spending, the cows will come home to pasture eventually.

The Fed has been pumping gigantic amounts of money out for the last 10 years and no inflation. That is just weird to me and I cannot figure out why inflation hasn't kicked in yet. Something is going to happen, I just don't know what or when. Maybe I should buy some bitcoin! I will say that we decided to keep our 30 year 2.75% fixed rate mortgage as an inflation hedge. If inflation goes above 2.75%, I am making money. Although I still want to pay it off this year.

[kork13]

I
As for inflation, the national debt has increased by 20%, about $4 trillion over the past 4 years.

That seems like a very "head in the sand" mentality.... While inflation has been muted over the last 15 yrs of wild spending, the cows will come home to pasture eventually.

[disneysteve]

I think we will start to see significant action toward addressing the impact of the pandemic both in the form of helping individuals and taking steps to get the economy back on track.

As for inflation, the national debt has increased by 20%, about $4 trillion over the past 4 years.

[kork13]

Well, as the apparent victory in GA was becoming clear, Sen Schumer said yesterday that a new stimulus package would be a top priority to get done quickly. With Democratic control over House, Senate, and White House, there's really no reason to expect that not to occur. As for what those packages might include, I won't even try to guess. Money for all my friends. Inflation for all my children.

[bjl584]

Personal political views and rantings aside, what is your prediction for further economic stimulus going forward now that the Democrats have taken Congress and the White House?