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by VirusNewbie
1684 days ago
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>No, the stims didn’t really do /that/ kind of wealth expansion. Of course they did, but indirectly. By propping up the economy by keeping an artificial demand for treasuries, it caused a securities bubble. I bought a bigger house, and so did plenty of my friends, and so did everyone else my real estate agent was working with, which meant I needed a new couch, bed, desk, curtains, speakers, tv, etc. All of the move up buyers who moved some of their money from the stock market into housing likely also spent money buying more 'stuff' for the bigger space. |
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