Defiance ETFs CIO: Great Day to Buy the Dip
Bloomberg Intelligence
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Is the Biden Program in Washington Going to Overcome That Head Wind?
In g d p accounting, if the government cuts a check to you or me, that doesn't directly have to be spent. It only has the g d p when we spend it, right? So the p accounting for government spending will often understate fiscal policy's influence. Think of the p p p loans, which are really grants. Think of all the checks cut to households, trillions of dollars,. so clearly that government can't keep that spending pace up.
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