Not really, says UBS’s Haefele, sounding optimistic on vaccines and possible fresh aid in 2021.
Trump’s axing relief package talks till after the election won’t harm the recovery, Mike Wilson argues.
His stance clashes with that of Chair Jerome Powell, a sometime adversary.
The Bond King fears their fundamentals are too rickety to persevere during this recession.
Growing household savings and unspent stimulus money buoy David Rosenberg, former Merrill economist.
One relates to the pandemic, one to politics, and one to federal stimulus.
One-shot wonder: New stimulus money and pent-up consumer demand will fuel profits, says economist David Levy. Alas, the 4th period won’t be so hot.
The massive Washington stimulus raises fears of spiraling prices. But those anxieties are off-base, bank economist Harris contends.
However, Senate Majority Leader Mitch McConnell has objected to providing funds to fix pension issues.