Biden's $1.9 trillion COVID-19 bill wins final approval in House

[earlinclaifornia]

17 hours ago, Isaan sailor said:

I doubt that very much. USA can do fine without spending trillions more, with only 1/3 for covid relief.  And USD down more than 1% in last 36 hours.  It sure ain’t rising now.

I recall your posting for how trump helped the stock market. Now that Biden has helped out Americans. 

 Stock market news live updates: Dow, S&P 500 set records, tech and Bitcoin soar as Biden stimulus signing feeds risk rally.

The 1% lower dollar you post?  

WOW

[Berkshire]

17 hours ago, Isaan sailor said:

I doubt that very much. USA can do fine without spending trillions more, with only 1/3 for covid relief.  And USD down more than 1% in last 36 hours.  It sure ain’t rising now.

The USD has been doing reasonably well since Biden took over....

[placeholder]

8 minutes ago, earlinclaifornia said:

I recall your posting for how trump helped the stock market. Now that Biden has helped out Americans. 

 Stock market news live updates: Dow, S&P 500 set records, tech and Bitcoin soar as Biden stimulus signing feeds risk rally.

The 1% lower dollar you post?  

WOW

As for that 1% decline. I checked the dollar index, which compares the dollar to a basket of major currencies and it shows that the dollar is up over 1% since Biden took office.

When the Great Recession hit in 2009, the Europeans decided to go the rout of something called "expansionary austerity". The belief was that somehow by demonstrating fiscal restraint, that would encourage businesses to invest. No one every really explained why businesses would want to invest during a major recession but that was the claim. Anyway, it failed miserably. The EU's recovery was far slower than that of the USA and the UK. 

[Chomper Higgot]

52 minutes ago, placeholder said:

As for that 1% decline. I checked the dollar index, which compares the dollar to a basket of major currencies and it shows that the dollar is up over 1% since Biden took office.

When the Great Recession hit in 2009, the Europeans decided to go the rout of something called "expansionary austerity". The belief was that somehow by demonstrating fiscal restraint, that would encourage businesses to invest. No one every really explained why businesses would want to invest during a major recession but that was the claim. Anyway, it failed miserably. The EU's recovery was far slower than that of the USA and the UK. 

The UK also enacted austerity, the brunt of which was of course visited on the poor.

[earlinclaifornia]

17 hours ago, placeholder said:

You actually consider a period of 36 hours significant? And the last few months insignificant? Seems desperate.

https://www.xe.com/currencyconverter/convert/?Amount=1&From=USD&To=THB

[placeholder]

2 hours ago, Chomper Higgot said:

The UK also enacted austerity, the brunt of which was of course visited on the poor.

Actually, the UK still ran quite large budget deficits in the period of recovery. In 2010 it reached 6.9% Far higher than the 3% allowed to nations in the Eurozone. And for that reason, its recovery was a lot quicker.

Which is not to say that the Tories didn't inflict swingeing cuts on the poor and working classes.

[placeholder]

3 hours ago, Berkshire said:

The USD has been doing reasonably well since Biden took over....

Well, that's against the baht which is not a major world currency. I used the dollar index which weighs the dollar against a basket of major currencies. In this case, the results seem similar.