https:\/\/www.forbes.com\/sites\/terinaallen\/2020\/05\/15\/house-votes-today-another-1200-stimulus-check-200-billion-for-hazard-pay-extended-unemployment\/#2c78dca19bea<\/a><\/p>\nIt\u2019s unlikely that the Senate will agree to it, but you never know. The most recent unemployment numbers have risen, and will likely continue to rise, and some of those jobs and small businesses are unlikely to return. In addition, there are people who may decide to not return to work because unemployment compensation pays better. That’s kind of naive, because at some point, unless there is no alternative, it cuts off.<\/p>\n
The other \u201coffers\u201d are for a $2,000\/month payment to people, with or without additional sums included for those with children, with time frames varying from 6 months to 12 months.<\/p>\n
This assumes that the lockdown endings and business restarts will be delayed and\/or never take place. So what are Pelosi and her best buddies going to do about that? The response from most financial reports is that in order to fill that $2K++\/month offer, the Treasury will have to mint two platinum coins worth – wait for it – $1,000,000,000 ($1 billion) each.\u00a0 Haven’t heard a word from the Treasury Department just yet, and my response to the offer is “What about the long term, you boneheads?”<\/p>\n
We really don’t want to get into the grinding losses that occurred during the Great Depression. I do sometimes wonder what my own parents would have to say about this, considering that it might be deja-vu all over again for them. But since this recession is an artificial one, and the trickle-down effect is likely to be more of the same but not forced, it will take more time to get things back to normal than the Politic Worms running WDC can conceive of.<\/p>\n
To put things in a real-world perspective, the current recession was forced on us. Not quibbling about the need for precautions, because they were necessary, but the response to the CV19 disease’s ability to be a silent killer didn’t seem to sink in at first.\u00a0 As you may know, there are several vaccines under review, but testing for effectiveness will take time.<\/p>\n
So this recession may continue or end – remains to be seen – but the long and short of it is that it’s entirely likely that another recession will occur in 2021-2022, and possibly continue into 2023, per reports from several financial analysts. A few weeks ago, only two FAs were saying that. Now, that group has grown and more are indicating that it will happen.\u00a0 It is a “wait and see” kind of thing. And we had all best be prepared for it, when it happens.<\/p>\n
Recessions usually mean job losses and business closures, which is what we’ve already been through, and as I said, some workers may decide to not return to work until they have to, and some businesses may never reopen.\u00a0 There are many, many factors involved in restarting an economy, and one of them is how the weather behaves itself. Unlike the Dust Bowl, which was caused by a loss of the annual monsoonal rain from the Gulf of Mexico and a very long drought in the 1930s, it’s more likely we’ll have a Theater of Cold and Late\/Early Snows, in addition to flooding rains which drown planted seeds, reducing crop production.\u00a0 Both the drought of the 1930s and the current loss of warm air have an effect on crop production. What I see on the news is flooded fields and a slow start to the growing season. And that affects not only the commodities markets, but also the food supply at the grocery stores.<\/p>\n
Think it’s new? It isn’t. Early start to the snow season has been going on for several years now, as well as late endings (e.g.,\u00a0 snow on Halloween and April 30 snow).\u00a0 And yes, I’m still running my furnace in mid-May. The late end of the snow\/cold season delays crop growth and that has a future effect on the price of the food you buy, because the link between livestock\/field grain crops\/produce and the grocery stores is the commodities markets. The cost of bread and flour is impacted by the cost of wheat and other grains, and the price for grain is determined by the commodities markets.<\/p>\n
I won’t pontificate on what should\/should not be done, but while the offer of free money from Ms. Nancy and the House of Reps seems like a lifesaver of some sort, it is just one way of throwing coins to the crowds when the Imperial Whatevers ride through the mobs.<\/p>\n
At some point, those coins will simply run out.<\/p>\n","protected":false},"excerpt":{"rendered":"
The House has voted for another $1200 stimulus check, among other things listed in the article … A Perspective of the Continuing Recession<\/span>Read more<\/a><\/p>\n","protected":false},"author":653,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[220,213],"tags":[],"class_list":["post-99882","post","type-post","status-publish","format-standard","hentry","category-the-floggings-will-continue-until-morale-improves","category-your-tax-dollars-at-work"],"_links":{"self":[{"href":"https:\/\/www.azuse.cloud\/index.php?rest_route=\/wp\/v2\/posts\/99882","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.azuse.cloud\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.azuse.cloud\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.azuse.cloud\/index.php?rest_route=\/wp\/v2\/users\/653"}],"replies":[{"embeddable":true,"href":"https:\/\/www.azuse.cloud\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=99882"}],"version-history":[{"count":1,"href":"https:\/\/www.azuse.cloud\/index.php?rest_route=\/wp\/v2\/posts\/99882\/revisions"}],"predecessor-version":[{"id":99900,"href":"https:\/\/www.azuse.cloud\/index.php?rest_route=\/wp\/v2\/posts\/99882\/revisions\/99900"}],"wp:attachment":[{"href":"https:\/\/www.azuse.cloud\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=99882"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.azuse.cloud\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=99882"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.azuse.cloud\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=99882"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}
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