People who have money invested and pension schemes. Likely find this bull market will be short lived, the big boys when the crash came didn't have the time to take there profits, so fed's pumped market back up and you can bet big boys are cashing out and flipping to short, where as retail seem to be desperate and blowing there last pay checks for a chance of survival and making it big. Disconnects won't last for ever, reality will kick it's ass sooner or later.
Not to mention i think airlines, cruise ships, restaurants will have to increase prices on 50% capacity protocol. I used to be able to seat 100 now 50 who is going to eat the other 50? guess who, the new 50. lol
Economists are like meteorologists - they are wrong over and over again, and they get to keep being wrong over and over again. Come to think about it, I would opine that meteorologists are almost certainly right more often than economists.
Kinda hoping near the end of this and they'll calm down and realise like the CDC has that it's not a plague and it's not the end of the world and normality will creep back in. News yesterday, I'm quoting " unnamed ship 80% of the passengers had it with no symptoms" see it's not that bad.
One of the more prominent hardcore Keynesian Democrats around. Roubini's "backstory" in the article is a bit "selective". He hated and railed against TARP for all the inflationary reasons he cites in the OP's article - and then turned around and praised it effusively in 2014. Having said all that, I happen to agree with him about cryptocurrencies.
last time Dems inherited massive deficits they cut them in 1/2. Then Trump came along and doubled it right away. Biden might cut deficits