You imply that oil surged because of the checks and that is not true. They surged because of the demand from speculators on the future contracts. It came down because the economic demand for the contracts fell because of the shrinking of the economy. Inflation is a threat and will happen but not because of 300 dollar checks to people. Try trillions of dollars to government bureaucracies with no production or work being done for it..
i agree with you,the stim checks had little to do with the oil price surge,it would have never cycled through the system that quick to cause mini "targeted"inflation .
You imply that oil surged because of the checks and that is not true. They surged because of the demand from speculators on the future contracts. It came down because the economic demand for the contracts fell because of the shrinking of the economy. Inflation is a threat and will happen but not because of 300 dollar checks to people. Try trillions of dollars to government bureaucracies with no production or work being done for it..
readyjojoy 2 years ago
i agree with you,the stim checks had little to do with the oil price surge,it would have never cycled through the system that quick to cause mini "targeted"inflation .
the other info was good though
crabtrap 2 years ago
I was curious to see the clip of Bernake saying the housing market wasn't going to go down after Peter mentioned it.
You can hear the increasingly panicked edge to his voice as the clips progress.
Anyways, great video.
iamacyborg 2 years ago