[Madison]

Originally posted on 12/22/2020:

I thought the stimulus was supposed to help banks?

IMHO , banks reserves are of concern. With forbearance of rents, student loans, mortgages, etc, much is of concern.

FWIW, my family (2 of us) our out to eat has dropped 90%.

[Madison]

They are re-arranging the deck chairs on the titanic. Google CNBC and Diana Olick for up to date numbers. There are 8M households who owe more than $2500 back rent and climbing daily. There are more more than 40B (yeah billion) in past due utility bills. The utilities probably can absorb this this but how about the landlords?? $600 stimulus is not going to fix this. And don't even start to calculate the 30+ Trillion we are in national debt and growing daily.

Research "inflation" and see how it can erode your net worth. If you're not in equities or things who can tolerate inflation, there is a dark cloud on the horizon. RE was always an option but that card has been played.

All my best, and please help me understand otherwise.