f7ben Posted April 15, 2020 Share Posted April 15, 2020 I’m guessing 2020 ....it will be this year or next. what’s everyone think? Quote Link to comment Share on other sites More sharing options...
Platinum Contributing Member Highmark Posted April 15, 2020 Platinum Contributing Member Share Posted April 15, 2020 2 minutes ago, f7ben said: I’m guessing 2020 ....it will be this year or next. what’s everyone think? What do you think its at right now? Quote Link to comment Share on other sites More sharing options...
f7ben Posted April 15, 2020 Author Share Posted April 15, 2020 Just now, Highmark said: What do you think its at right now? Likely 40% or more ....we won’t know until the GDP estimates are in. If GDP for the year falls more than they are guessing and the fed keeps printing with their unlimited helicopter money machine we will get damn close this year. Quote Link to comment Share on other sites More sharing options...
Platinum Contributing Member Highmark Posted April 15, 2020 Platinum Contributing Member Share Posted April 15, 2020 Just now, f7ben said: Likely 40% or more ....we won’t know until the GDP estimates are in. If GDP for the year falls more than they are guessing and the fed keeps printing with their unlimited helicopter money machine we will get damn close this year. I believe its around $6 T. This years GDP is likely to be down dramatically due to the virus. Long fall in GDP and or large increase in the Fed's BS to get there this year. Quote Link to comment Share on other sites More sharing options...
teamgreen02 Posted April 15, 2020 Share Posted April 15, 2020 Federal debt to GDP already at 113%. I thought we were approaching the 100% mark but we have appeared to smash through that. USA #1!!! Quote Link to comment Share on other sites More sharing options...
f7ben Posted April 15, 2020 Author Share Posted April 15, 2020 1 minute ago, teamgreen02 said: Federal debt to GDP already at 113%. I thought we were approaching the 100% mark but we have appeared to smash through that. USA #1!!! I’m talking feds balance sheet only Out debt to GDP is way way way way over 113% right now More like 165% and growing faster than we can count Quote Link to comment Share on other sites More sharing options...
1jkw Posted April 15, 2020 Share Posted April 15, 2020 58 minutes ago, teamgreen02 said: Federal debt to GDP already at 113%. I thought we were approaching the 100% mark but we have appeared to smash through that. USA #1!!! It was at 107.28% before the virus hit. Quote Link to comment Share on other sites More sharing options...
SSFB Posted April 15, 2020 Share Posted April 15, 2020 1 hour ago, teamgreen02 said: Federal debt to GDP already at 113%. I thought we were approaching the 100% mark but we have appeared to smash through that. USA #1!!! It was near 100% at the end of WWII I believe and paid down bit by bit until the 1980s. The country today lacks resolve to take on the debt. Quote Link to comment Share on other sites More sharing options...
f7ben Posted April 15, 2020 Author Share Posted April 15, 2020 12 minutes ago, SSFB said: It was near 100% at the end of WWII I believe and paid down bit by bit until the 1980s. The country today lacks resolve to take on the debt. It was over 150% then and we have eclipsed that mark now Quote Link to comment Share on other sites More sharing options...
SSFB Posted April 15, 2020 Share Posted April 15, 2020 Just now, f7ben said: It was over 150% then and we have eclipsed that mark now "but it can't be paid down!" Quote Link to comment Share on other sites More sharing options...
Anler Posted April 15, 2020 Share Posted April 15, 2020 2024-2026 Quote Link to comment Share on other sites More sharing options...
Anler Posted April 15, 2020 Share Posted April 15, 2020 1 minute ago, SSFB said: "but it can't be paid down!" Yeah who cares, right? Quote Link to comment Share on other sites More sharing options...
f7ben Posted April 15, 2020 Author Share Posted April 15, 2020 Just now, SSFB said: "but it can't be paid down!" It certainly will never be paid down. Not unless you see a massive industrial style revolution occurring in the country again and politicians taking over who are willing to absorb pain to deal with it We will be a 200% debt to GDP within 12 months. It’s over Quote Link to comment Share on other sites More sharing options...
teamgreen02 Posted April 15, 2020 Share Posted April 15, 2020 1 hour ago, f7ben said: I’m talking feds balance sheet only Out debt to GDP is way way way way over 113% right now More like 165% and growing faster than we can count The fed balance sheet will explode with the new loans under the CARES act. Quote Link to comment Share on other sites More sharing options...
f7ben Posted April 15, 2020 Author Share Posted April 15, 2020 14 minutes ago, teamgreen02 said: The fed balance sheet will explode with the new loans under the CARES act. That’s been accounted for....they will have to pass another stimulus bill I believe Quote Link to comment Share on other sites More sharing options...
jtssrx Posted April 15, 2020 Share Posted April 15, 2020 2 hours ago, f7ben said: I’m guessing 2020 ....it will be this year or next. what’s everyone think? I think the stimulus is fucking stupid. Quote Link to comment Share on other sites More sharing options...
f7ben Posted April 15, 2020 Author Share Posted April 15, 2020 20 minutes ago, jtssrx said: I think the stimulus is fucking stupid. I think the stimulus is a drop in the bucket of what the fed has been doing since October 1 Quote Link to comment Share on other sites More sharing options...
Anler Posted April 15, 2020 Share Posted April 15, 2020 2 minutes ago, f7ben said: I think the stimulus is a drop in the bucket of what the fed has been doing since October Yeah, take as much money as you can. The big boys have been feeding at the trough and they put themselves there. Quote Link to comment Share on other sites More sharing options...
f7ben Posted April 15, 2020 Author Share Posted April 15, 2020 2 minutes ago, Anler said: Yeah, take as much money as you can. The big boys have been feeding at the trough and they put themselves there. Exactly what I’ve been telling everyone. Why should we act with dignity when the richest amongst us are raping our future generations blind? Quote Link to comment Share on other sites More sharing options...
Anler Posted April 15, 2020 Share Posted April 15, 2020 48 minutes ago, f7ben said: Exactly what I’ve been telling everyone. Why should we act with dignity when the richest amongst us are raping our future generations blind? Watching on the news right now, dairy, and livestock corps want an additional $2 trillion in stimulus. Quote Link to comment Share on other sites More sharing options...
f7ben Posted April 15, 2020 Author Share Posted April 15, 2020 3 minutes ago, Anler said: Watching on the news right now, dairy, and livestock corps want an additional $2 trillion in stimulus. Give it to them....who cares Quote Link to comment Share on other sites More sharing options...
spin_dry Posted April 15, 2020 Share Posted April 15, 2020 It’s just a reality show. Relax and enjoy the ride. Quote Link to comment Share on other sites More sharing options...
Anler Posted April 15, 2020 Share Posted April 15, 2020 3 minutes ago, f7ben said: Give it to them....who cares I'm gonna start bitching for my stimulus check now. Quote Link to comment Share on other sites More sharing options...
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