Uncle Sam tried his best to buy a recovery. The sheer amount of money redistributed by the federal govt the past four years is incomprehensible. Here’s the thing: the transfers didn’t stop in 2021. A huge chunk of them kept going right on to today. And still it wasn’t enough to stabilize an economy that is showing signs of even more weakening.
Eurodollar University’s Money & Macro Analysis
https://www.eurodollar.university
Twitter: https://twitter.com/JeffSnider_EDU