I think helicopter money is coming. Trump's next move will be to try to buy the election by farting out $1000 checks to every American.
It's not a terrible idea. But it's one more genie out of the bottle. One more completely aberrant thing that'll be normalized.
This is what you get when you keep propping up a system that needs to stripped to its bones and overhauled. Our economy is a Potemkin village. We all know it. Pull out FAANGs and buybacks and it's a flat tire.
Everybody, top, middle, bottom, is fragile in this economy. In this political system. And it's not because of Trump. He's a big problem, but one of many. It's because we've insisted on financializing the shit out of the economy, and propping asset prices, and protecting the boomers at all costs. Any shock to the system creates an outsized impact. That's what happens to things that are built on bullshit.
Half of this country cannot find $400 on 24 hours notice. And the other half just saw a third of its assets burned up in a correction. Wait until it drops further... I've been told by some reputable brokers that buy time is 18k.
This mess just blew out the floor for a whole lot of boomers who were barely back on their feet after 2008. Toast.
I don't know where this fucking virus takes us next, but I know it's exposing just how fragile and fucked up we are. How much we insist on living in a world we want to exist rather than the one that does, where we're a quasi-feudal shithole country reputable only to the extent we trade on long passed glory.
If you doubt me, consider this:
https://slate.com/news-and-politics/...ave-rules.html
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