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Old 09-06-2020, 01:36 PM   #225
theleica
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Join Date: Jan 2018
Posts: 4,381
Default Why are people dumping?

Quote:
Originally Posted by mtt240 View Post
I think what a lot of people fail to notice is that the $600 / week stimulus was much more than many were making when they were working. There are a trillion extra $'s in circulation, so that's going to inflate many assets, cards likely included


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It should be pointed out that it wasn’t just $600 week. It was $600 plus whatever your state would give you for unemployment. I received $1195 a week ($600 federal + $595 state), which definitely helped me out, since my business went up in flames quickly. I wasn’t out buying cards with it but can see how some people might be. It allowed me to pivot my business model and I’m out working again.


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