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Wednesday, January 13, 2021

Yields Surge As Stunned Traders Learn Biden To Propose Massive $2 Trillion Stimulus

https://www.zerohedge.com/markets/yields-surge-stunned-traders-learn-biden-propose-massive-2-trillion-stimulus#comment-stream 


However, as bank after bank tried to upstage Goldman and threw around stimulus estimates as high as $1 trillion or even more, the market barely noticed when late this afternoon, incoming Senate majority leader, Chuck Schumer reportedly "pressed" (in Bloomberg's words) Joe Biden to propose more than $1.3 trillion in spending for his initial round of Covid-19 relief.

According to Bloomberg, "the two have discussed Biden’s plans ahead of the president-elect’s announcement on his economic-rebuilding proposals... Biden is set to speak at 7:15 p.m. Thursday to outline “his vaccination and economic rescue legislative package,” his transition team said in a statement.


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I cant beleive we have allowed  this to happen. Buy Assets.

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