Former Chief Economist at Alliance Bernstein : “Hard to see anything but a “boom-bust” scenario playing out”, Target 2023
But not to worry. That would be after the 2022 elections.
(From Zerohedge)
Suppose Congress passes something close to Biden’s Administration stimulus proposal of $1.9 trillion… in the past 12 months to $5 trillion—three tranches $2.2 trillion, $900 billion, and $1.9 trillion.
In the past year, nominal GDP totaled $21 trillion, so the cumulative injection of fiscal stimulus amounts to almost 25%
Joseph Carson sees a big bust on the horizon.
This article was originally posted here: https://www.ac2news.com/2021/02/former-chief-economist-at-alliance-bernstein-hard-to-see-anything-but-a-boom-bust-scenario-playing-out-target-2023/.
