Car prices went up. Why? Is it because car makers didn't have chips? Well, that explains why NEW cars weren't being shipped immediately which may have spiked the demand for the 5% of people who could actually afford a NEW car but used cars that didn't need chips also spiked. WHY?! Well it's because most people are not useless academics like Stiglitz and when they see TRILLIONS of dollars being thrown into the economy with no end in sight they get little light bulbs. "Hey, why should I save this money when tomorrow it will be worthless."
The level of stupidity in your logic is insane. Just think one second if there not many new cars coming out of the factory that mean not enough cars for people so the offer is less then the demand so what do you think those who don’t have enough for the new price well they are going to go for a used one that is basic logic people find alternative to fit their needs if the demand for used car increases well you know the deal the price go up 😮magic 😂
Stiglitz will go down in history as the guy who betrayed his own profession, when he sough to 'redefine' the definition of recession, just to avoid calling Biden's recession a recession.
maybe because it was a whole different scenario. Recession by decline of gdp two consecutive quarters yes but Meanwhile people were making more money, more jobs ( whatever your take on that may be), lots of Investments be made into stock market based on the current economic factors
Where's the whole interview?
Everyone knows “Hugo Steekletz”
Car prices went up. Why? Is it because car makers didn't have chips? Well, that explains why NEW cars weren't being shipped immediately which may have spiked the demand for the 5% of people who could actually afford a NEW car but used cars that didn't need chips also spiked. WHY?! Well it's because most people are not useless academics like Stiglitz and when they see TRILLIONS of dollars being thrown into the economy with no end in sight they get little light bulbs. "Hey, why should I save this money when tomorrow it will be worthless."
The level of stupidity in your logic is insane. Just think one second if there not many new cars coming out of the factory that mean not enough cars for people so the offer is less then the demand so what do you think those who don’t have enough for the new price well they are going to go for a used one that is basic logic people find alternative to fit their needs if the demand for used car increases well you know the deal the price go up 😮magic 😂
Stiglitz will go down in history as the guy who betrayed his own profession, when he sough to 'redefine' the definition of recession, just to avoid calling Biden's recession a recession.
maybe because it was a whole different scenario. Recession by decline of gdp two consecutive quarters yes but Meanwhile people were making more money, more jobs ( whatever your take on that may be), lots of Investments be made into stock market based on the current economic factors