State Bail Outs

Started by james03, February 10, 2021, 12:41:59 PM

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james03

February 10, 2021, 12:41:59 PM
Quotehttps://www.zerohedge.com/political/biden-stimulus-shower-state-and-local-govts-350-billion-aid-make-changes-medicaid

QuoteStates would receive $195 billion and that money would partly be distributed based on a the share of unemployed workers. The District of Columbia would get the same share as states, unlike in last year's relief bill. Local governments would receive $130 billion, partly based on population, with a carve-out for smaller communities. Territories would receive $4.5 billion and tribes $20 billion.

Meanwhile Crude Oil is now pushing $60/bbl.  Yes, $4/gal gasoline will be here soon enough.
"But he that doth not believe, is already judged: because he believeth not in the name of the only begotten Son of God (Jn 3:18)."

"All sorrow leads to the foot of the Cross.  Weep for your sins."

"Although He should kill me, I will trust in Him"

King Wenceslas

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February 13, 2021, 06:52:48 PM Last Edit: February 13, 2021, 06:54:25 PM by King Wenceslas
The day of reckoning is coming. The Buffet Indicator (Ratio of the total market capitalization of U.S. stocks divided by the total dollar value of the nation's gross domestic product) is at 224%. The previous high was during the dot com bubble: 190%.

With the coming of spring one analyst is predicting the SP 500 will go to 4600 (it is at 3935 right now) due to lifting of Covid restrictions. This will make the Buffet Indicator rise to around 250%. If the market ever corrects like in 2001 or 2008, watch out below.

https://cms.zerohedge.com/s3/files/inline-images/-1x-1%20%281%29_4.png?itok=hZFbViuG
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