Quote:
Originally Posted by JohnnyKilroy
The question is not about the stimulus money that people received. You are correct, people are not spending 1200, or whatever they got, on big cards. The question is about the fed “stimulating” the economy buy continuously printing money to keep us from imploding. So yes.. without a doubt.. it is a HUGE player in driving card prices up. I have to run, but I will explain later if someone doesn’t beat me to it.
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Exactly. The money printing has everything to do with card prices. There is so much money around, especially at the high end of finance. Its overwhelming the supply when people want cards.