Surprise, surprise – the stimulus is actually stimulating

Compared to quantitative easing, the two COVID stimulus plans done on the fiscal side were absolute home runs in terms of having an immediate effect in the real economy. As we’ve discussed before, when the Fed does stimulus, it leads to rich people allocating some capital to VC and PE funds while the majority of it ends up in Treasury bond ETFs. There’s very little velocity. When you put money into the account...

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source https://thereformedbroker.com/2021/01/14/surprise-surprise-the-stimulus-is-actually-stimulating/