Yields Surge As Stunned Traders Learn Biden To Propose Massive $2 Trillion Stimulus

[Snarkhund]

... and then the economy crashed...

https://www.breitbart.com/economy/2021/01/15/retail-sales-unexpectedly-crashed-in-december/

People will stop spending and hold cash, lots and lots of cash. Corporations will stop capital investment and hiring. Nobody is going to assume the risk necessary for the economy to grow and will anticipate all the new regulations and suppression of commerce.

Next stop... earnings. Then the abyss.

 

[SunTrader]

Newsflash, other than online and groceries, retail sales have been crashing for years.

The abyss lol, be afraid, very afraid.

 

[destriero]

Biggest deficit/debt increase, ever.

 

[UsualName]

My take from a political side is Biden is probably looking at the “shellacking” Obama took in the midterms after they went like warm on stimulus to combat the 2008 recession and democrats might buy into bigger is better might avoid disaster at midterms.

This aged well.

House democrats have already moved for reconciliation on their planned stimulus and it looks like they continue to read the forum. As noted above, dithering with Republicans in 2009 only made matters worse. It doesn’t look like democrats are looking to repeat that in 2021. Now the question is can they get their relief/stimulus bill reconciled before the Trump trial then pivot right to that - that would be good.