More spending, trillions for an infrastructure bill that has been talked about for years and years and years all while this spending on infrastructure needed to be done over the last 3 to 4 decades. Nothing but a joke to get wallstreet all jolly again. Watch how long they use this jolly trade like they have the reopening of the economy and virus cures. So how many trillions are we spending. The next stimulus bill and this infrastructure bill would probably be just under $5 trillion...lets keep that printing press at full capacity https://www.cnbc.com/2020/06/15/stock-market-futures-open-to-close-news.html
At least and nasdaq to fresh historical highs. No such thing as frothyness And yesterday's news on fed buying bonds, Individual corporate bond buying should keep this market higher for another 37 years.
"Infrastructure bill"... sort of like the mythical unicorn. If that's how it works, Powell should have said he would buy bonds earlier! Oh, that's right. He did. Yesterday was just rechewing the same old cabbage.
There goes those Conservatives again .... spending the great, great grandchildren's money all the while saying it is those darn Libbers. And the Commie Chinese.
Not only for a week. The current US infrastructure bill is expiring in September. Right on time for a new one and "uncle in the jungle" Trump will put into the new bill ANYTHING that acts as a rocket booster for the S&P 500. He couldn´t care less if Biden wins the Presidency....With all that increase in government debt, Biden will have a really hard time to make things happen.
https://www.cnbc.com/2018/09/11/tru...lower-the-national-debt-woodward-reports.html Trump told Gary Cohn to 'print money' to lower the national debt, according to Bob Woodward's book "Just run the presses — print money," Trump said, according to Woodward, during a discussion on the national debt with Gary Cohn, former director of the White House National Economic Council. https://www.thedailybeast.com/trump-on-coming-debt-crisis-i-wont-be-here-when-it-blows-up Trump on Coming Debt Crisis: ‘I Won’t Be Here’ When It Blows Up The president thinks the balancing of the nation’s books is going to, ultimately, be a future president’s problem.
Yea because if Biden wins Republicans will find religion again and fight any new spending. Forgetting the past 3 years. After all they have to hold the line till they get back in control and spend, spend, spend again like the drunken sailors they really are. They are and Dems are. But at least Dems don't pretend.