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JPM’s Feroli on the four executive actions:

August 10, 2020 10:38 pm by IWB

JPM's Feroli: "If this is all we get for fiscal policy for the rest of the year, it would represent a significant downside risk to our growth outlook."

— Nick Timiraos (@NickTimiraos) August 10, 2020

August 2020? No, March 1930…
Exactly – By design – Savings (and wages) are punished and debt and leverage is encouraged.
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