FILE PHOTO: U.S. President-elect Joe Biden delivers a pre-Thanksgiving address at his transition headquarters in Wilmington, Delaware, U.S., November 25, 2020. REUTERS/Joshua Roberts/File Photo
“Right now markets are celebrating the additional stimulus and see it as a stronger bridge to a fully reopened economy,” said Jeff Buchbinder, equity strategist for LPL Financial. The S&P 500 dipped nearly 0.4% on Thursday, and is up approximately 1.1% since the start of January. The year’s rally has been led largely by cyclical stocks that benefit from a stimulus package, including banks, which are up over 10% for the year to date.
Rising bond yields, meanwhile, are spurring concerns of looming inflation once the economy begins to recover. Federal Reserve Chairman Jerome Powell said in a speech on Thursday he does not expect the central bank to begin trimming its monthly bond purchases “too early.
Real worried I’m sure.
IMO there's no scenario where we don't spend a ton to get out of this pandemic. We need to so that more americans dont end up evicted, or unable to afford food
And cue the people who say tax the rich lol, you think taxing 1% of the population really changes anything when the people in charge of this current party of liars and thieves is actually in that 1%? You idiots are going to find your taxes raised and money shortened.
They talk about the cost in dollars. What about the cost in lives, businesses failing and jobs lost? Don't forget, we are still in a recession and the Market is not the economy most of us have to live in.
Why start now
It’s ok Wall Street. We’re going to pay for it by disallowing interest income deduction used by hedge/money managers to avoid paying income taxes. Then put a .05% tax on all Wall Street transactions along with massive roll back of corp tax deductions w/ 5% corp tax rate increase
Coast chaos!
Trump added $7 B to the deficit. Didn’t hear any complaints.
Increase taxes for the rich. After $500,000 tax rate minimum 30% (no deduction below) and no deductions after $1 million. Return to pre-Clinton capital gains. Cut military budget by 30%. Make it happen. Healthcare for everyone.
With the Trump tax cut, where was the bang for the buck? When does 'trickle down' mean getting pissed on? I am not suggesting a draconian tax increase against the rich but the tax cut has never really paid for itself. The Trump economy is a house of cards that could collapse.
ImpeachBiden
nothing to cheer shout with a Dummy in charge
He's going to pay off all the debts of all the corrupt citys that pocketed the money, Pay Iran back, and many others. He should pay back Social-Security the money they stole, Obama's ABA, Billions, Pelosi's Impeachments for trump, Twice, and many other's
Did they “worry” about the cost of the tax breaks for the rich that didn’t “trickle down?”
Why? Are they paying for it?
Don't worry Wall Street. We can get the $ by reversing the Trump tax cuts.
🍁 ....& what of the costs of doing nothing?
Why? The money is not coming out of their pockets. They're just being greedy and cruel, as usual.
But not the GOPTaxScam
Can’t wait to be taxed into oblivion.
Who gives a shit about wall street? They literally tanked our economy in 2008 and made millions off of it while the American people ate dirt. Fuck them.
Lol. They’re worried about the cost alright. To them 😂 EatTheRich
Notice how they only worry about the cost when it’s a Dem president. 🙄🙄🙄
If course they are, he's a Democrat, not a Republican.
But not when tax cuts for the wealthy given by trump...whatever
Seriously? At near 0% interest rates, this is the most sensible response to the pandemic.
It will cost 1.9 trillion. We question Wall Street's cognitive abilities.
Wall Street can go sit in the corner. They’ve been propped up for almost a year.
You can always print more money. Private banks have been having a field day expanding debts since 1960.
More costly if nothing is done.
Huh. But no worries about the cost of corporate bailouts. How strange.
Worry about the cost of doing nothing! Look at the price we have already paid, as Americans, for Trump doing nothing.
I’m sorry but do you have any idea how much $$$ they’ve made this year? They’ll be just fine.
'Mexico is going to pay for it!!'
Cue the tiny violins for the deficit hawks, arising from the ground to mate like cicadas after their 4 year slumber.
Now isn't the time to be stingy.
Wall Street worried about their money?
Of course they cheered, they clearly didn’t read the fine print.
5:15 AM · 15 янв. 2021 г.·True Anthem
Lol, that’s because most of it isn’t going to them, as it had for the past 4yrs
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