Several US states are continuing with stimulus checks, enhanced unemployment, and eviction moratoriums. And, earlier this month, the federal government announced that the emergency would continue for another 90 days. The lockdowns, which should never have been done in the first place, wound up costing tax payers about $13 Trillion. The Fed is now sitting on $8.5 trillion of Treasury notes. We have 8.5% inflation and just over 10% of the work force is refusing to return to work.
A Bond villain, in his secret, underground lair could never have come up with a better plan to permanently wreck the economy.
