The Euphoria Behind Stimulus Plans Is Unwarranted

The Euphoria Behind Stimulus Plans Is Unwarranted
COVID-19 economic stimulus check on USA flag. Shutterstock
Daniel Lacalle
Updated:
Commentary

The U.S. retail sales and jobless claims weakness, significantly below estimates, coincides with the largest fiscal and monetary stimulus in history. Something isn’t right when these figures come significantly below estimates in an environment of massive upgrades to gross domestic product (GDP). Why?

Daniel Lacalle
Daniel Lacalle
Author
Daniel Lacalle, Ph.D., is chief economist at hedge fund Tressis and author of the bestselling books “Freedom or Equality” (2020), “Escape from the Central Bank Trap” (2017), “The Energy World Is Flat”​ (2015), and “Life in the Financial Markets.”
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