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Opinion

The Euphoria Behind Stimulus Plans Is Unwarranted

The Euphoria Behind Stimulus Plans Is Unwarranted
COVID-19 economic stimulus check on USA flag. Shutterstock
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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?

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