What is the real financial purpose of the government programs?
To protect the financial viability of major financial and industrial corporations.
Why?
To protect jobs.
What is the ultimate outcome?
To protect the bondholders of these corporations from losing all their money.
How is this being achieved?
By transferring huge sums of money from the public to the bondholders. Large government deficits represent a transfer of wealth from us to the bondholders. They (the bondholders) get the interest from holding the bonds (or lending the money in the first place). The current administration is making sure this flow of money (interest) is not interrupted.
To find out more about my in depth view of the markets and my strategy just visit our website https://www.peterdag.com/ where you can review The Peter Dag Portfolio. You can also call me at 1-800-833-2782 to discuss your specific money management needs. I will be happy to speak to your investment group on how the business cycle impacts investment strategies and the choice of asset classes. George Dagnino, PhD
Editor, since 1977
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