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Posted On: 03/22/2020 10:14:43 PM
Post# of 22463
Looks like a larger stimulus package coming
Mr. Boivin thinks “radical” solutions such as MMT can still be avoided; others aren’t so sure. On Wednesday, economist David Rosenberg tweeted that U.S. Treasury Secretary Steven Mnuchin may need to triple a proposed stimulus package to as much as US$3-trillion “to put a floor under this recession. MMT coming soon; and gold will surely surge on the back of it.”
Either way, get ready for deficits you never imagined possible.
Mr. Boivin thinks “radical” solutions such as MMT can still be avoided; others aren’t so sure. On Wednesday, economist David Rosenberg tweeted that U.S. Treasury Secretary Steven Mnuchin may need to triple a proposed stimulus package to as much as US$3-trillion “to put a floor under this recession. MMT coming soon; and gold will surely surge on the back of it.”
Either way, get ready for deficits you never imagined possible.
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