The expiration of the $600/week benefit will be a big hit to income and adversely affect economic growth. It's already crushing spending by unemployed Americans.
Real Vision CEO Raoul Pal is joined by senior editor Ash Bennington to reflect on the future of markets at this unique juncture. Raoul begins by giving Ash a…
"If Fed confirms "peak liquidity" at Aug 27th Jackson Hole & Sept 16th FOMC then "peak policy" correction in risk assets occurs... and if not, speculative further continues."
At the start of August, the median S&P 500 stock had outstanding short interest equating to just 1.8% of market cap, the lowest level in Goldman's 16-year data history.
With each passing day, the failure of Congress and the Administration to reach a deal on extending fiscal stimulus creates a bigger and bigger hole in consumer cash flow. So far investors have brushed off the stalemate. But that’s a mistake.
Trump focused on NAFTA, China and US jobs, the Paris Climate Accords, elite abandonment of the working class, immigration, bathroom faucet water pressure, and how he dislikes sharks.
"I think that residents of this city, understanding the nature of the threats that we are receiving on a daily basis, on a daily basis, understand I have a right to make sure that my home is secure."
