Relief but no cure in new stimulus plan

Financial Times/James Politi

“[T]he deal is no panacea for the world’s largest economy: it has come too late to avoid a big slowdown in the labour market and a reduction in consumer spending — and may be insufficient to address longer-term damage from the pandemic.”

USAGOLD note:  The elephant gives birth to a mouse? This article discusses in detail what precisely is lacking and why the market reaction has been underwhelming. Not to worry Congress will be back at it after the holiday break ……

Repost from 12-22-2020