Strategist Ed Yardeni thinks the US has enough fiscal and monetary stimulus, and doesn't need more for a speedy economic recovery.
Democrats pushed back a House vote on their $2.2 trillion spending package to Thursday to increase chances of a bipartisan spending package.Republicans and Democrats have been at loggerheads in the US for weeks over the size of the next stimulus plan, but one strategist thinks the US economy is on course for a V-shaped recovery regardless of whether there is another government program.
"We have got an economy which is still getting a tremendous boost from fiscal and monetary policy," he said.
Source: Financial Digest (financialdigest.net)
Yep. All the mega-corporation got the money they needed. Now, they're beginning to lay people off. People who lost their jobs are now being faced with eviction because Wall Street says 'Let them eat cake'.
In what universe can this be considered a recovery?!? Or minimally being back to normal?
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