How bad will the recession be?
Many Happy Returns
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Is There a Recession Risk?
The way they've chosen to do it is indiscriminate. A household which earns 200 thousand a year will get exactly the same benefit assuming they use the same amount of gas and electricity as a family which earns 20 thousand a year. I think that's the problem. And if that increases disposable income, then, you know, they will go out and spend, and that will be inflationry. So i think the way they've chose to do this is also pretty misdirected and also not very well targeted. Yet, they had to do something, no question. If they hadn't, there's just no way they would have been re elected. The usual play book from central banks and governments
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