RE:inflation comingnofluff wrote: 2 trillion u.s. stimulus package with minimum wage double. If true, u do not want 2 b sitting on cash.
nf
Doubling the minimum wage is a tax on the middle class for the benefit of the lowest rung of workers. It demotivates the drive for educational advancement since college grads and high school grads are going to be making the same salaries.
Inflation is almost unavoidable with all the stimulus talk--unless productivity and technological advancement negates it. Money is just paper now. It is artificially controlled by governments and economists. In times of difficulty, the most valuable things are those that everyone needs--food, shelter, clothing, essentials. In times of prosperity, sometimes things of pleasure become more valuable.
Cash is probably safe for the short-term while you figure out where to put it, but it will not be a good investment long-term. There is just too much of it out there. It seems that many Americans are getting their stimulus money and doubling down with it by dumping it into the market. We have a huge market bubble right now. Who knows how this is going to work out.