Mike's Daily Comment
Mike starts by betting you are better at predicting the future than you think. Legendary credit analyst, Bob Hoye drops by to tell us how worried we should be about the biggest bubble of them all – the bond market is showing signs of popping. The shocking stat reveals that when it comes to “diversity” in education the odds are stacked against us.
We are not “all in this together” when it comes to the financial impact of the pandemic. Heck, every home owner’s made a bundle while low skilled, low income workers have been hit hard.
How many times did we hear that we can afford the record government borrowing deficit because interest rates are at record lows. The only problem is – they aren’t anymore.
A Parliamentary committee of all parties hopes not. The PM says we’re preoccupied with the pandemic – he’s right but this is politics.
A Cautionary Tale Re: Stimulus
Posted by Michael Campbell
on Monday, 8 March 2021 7:17
The US economy’s recovering, jobs stats improving, states are opening up and all before the monstrous $1.9 trillion stimulus package – borrowed money, of course. Let’s not make the same mistake here.