The argument as to whether stimulus was needed is a totally different one. Then there's the billions of fraud that came with it because it wasn't properly controlled, etc. But Biden and the democrats will take the blame, fair or not. Personally, I believe it is fair, but that's partisanship for you.
Excuse me, it’s Barry Ritholtz. I think this more spitballing the percentages but the case scenarios are pretty good, IMO. I’d put me in the “Bad!” scenario. I think GDP is going flat to negative.
Barry's call back in January of 2021. I encourage you to read the whole twitter thread where he goes on and on and on about no inflation, then transitory only inflation.
I’m alright with his analysis here. It is technically sound in my opinion. We are not facing a structural inflation problem. Get ready… hold on to your hat… this inflation we are facing… is… … transitory.