Saturday, January 5, 2019

Steve’s Barking; Will no tax refunds in February mean a negative GDP

Much of we Americans get tax refunds to help pay our drunken spending from Christmas.
Others of use our tax refunds for down payment on large ticket items.
And still some of us invest or save.
Now all these things help pad the economy.
Now I can understand that because of the government shutdown there will be no refunds until the government’s partial shutdown is over. This is not good for the economy. I take that back, it’s  a disaster for the economy.
Now what about the workers who aren’t getting paid. Bad for the banks who lent them money and aren’t getting it back. Bad for the stores that the workers shop at.
What about those who depend who is snap ( what used to be be called food stamps). That would be negative for the stores that sell the produce. That would be negative for the farmers who grow the produce, for grocery stores will need less produce, less need,  produce prices go down.
My suggestion to all who own stock, and the government shutdown goes into February is sell, sell , sell.


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