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| Economy |
| Gundlach: "People Are Starting To Believe That Stimulus Is Permanent" |
| 2021-03-10 |
| BLUF: [ZERO] Gundlach explains the title of today's webcast "Looking Backward", which is a nod to a novel written in 1888, and where the protagonist of Edward Bellamy’s socialist-utopian novel goes into a trance in 1887 and awakens in 2000. Gundlach says the novel resembles situations in society today. In the novel the protagonist finds a year 2000 described as having shorter working weeks and equal distribution of goods. In the book, Boston is part of a totally changed world in which the U.S. has been transformed to a socialist utopia, which includes internet and full-benefits retirement at 45. |
| Posted by:Besoeker |
| #10 "Just two stimulus to flatten the curve" |
| Posted by: swksvolFF 2021-03-10 20:27 |
| #9 Except they can't have UBI / dole-for-all alongside open borders and mass immigration from the Global South. Pick one, retards |
| Posted by: Big Brown1477 2021-03-10 17:47 |
| #8 I can count on one hand all the times I got 'something for nothing.' Just say'n. |
| Posted by: Besoeker 2021-03-10 17:44 |
| #7 This stimulous costs each family $69,000.00 in new taxes. |
| Posted by: Blackbeard Barnsmell6454 2021-03-10 17:31 |
| #6 So, probably getting my job back and going to be spending 2 months in Oman, any tips? |
| Posted by: Silentbrick 2021-03-10 15:39 |
| #5 For many in the oil industry, these stupid stimulus checks are what's keeping our household afloat while we vainly attempt to find new work. Starting to feel like there is a huge bias in non oil geology against oilfield geologists. I've been searching for nearly a year without success other than a couple offers I couldn't afford to live on assuming I could even find a place I could then afford to live at. Job market isn't good atm. |
| Posted by: Silentbrick 2021-03-10 09:27 |
| #4 IIRC in Looking Backwards, it was when almost all of business was operated by a dozen or so major corporations/businesses that the government simply took them over, replacing the upper management with government apparatchiks. One day the oligarch the next day 'retired'. |
| Posted by: Procopius2k 2021-03-10 09:08 |
| #3 Well they might as well do so, and be _equal_, not equitable, about it, if they're going to harrass us into being unable to work, and destroy industries. If they don't have enough money they can go proscribe Jeff Bezos or Tim Cook or Mike Bloomberg for the money. |
| Posted by: Thing From Snowy Mountain 2021-03-10 08:02 |
| #2 So gummint is going to pay people to not work. (UBI) Idle hands. The Devil rubs his hands together. |
| Posted by: M. Murcek 2021-03-10 07:57 |
| #1 Clearly a transition or 'back door' to reparations and a universal basic income. You may recognize the rather complex supporting government structure found at this link. It's an 'equity' thing. The gov't is fearful you may not fully understand. |
| Posted by: Besoeker 2021-03-10 06:56 |