To gain an edge, this is what you need to know now.
Americans Buy More Than Pre-virus
In today’s Morning Capsule we shared with you Retail Sales data. An interesting insight is that last month Americans bought more than they did pre virus.
The important interpretation is that the Fed is being too aggressive with its money printing — more than what the economy needs, and the government has borrowed more for various programs to counter coronavirus than it needed.
It is mind boggling why the government is unable to narrowly tailor programs that are directed at only those who have been hurt by coronavirus that need help.