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Steve Mnuchin: The US Is Not In A Recession
Steve Mnuchin did something silly on Sunday.
Specifically, he went on national television and said
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In other words it is a confidence trick.
Rumors leaked I heard that the federal reserve is planning some additional measures to release on monday
Kudos to Nancy and Steve, but they seem like a sideshow. Democrats will trickle some funds but they want 2020 and it may only cost them a few conservative souls.
I am far more impressed by how the private sector may run circles around Federal government to get testing ramped up. That shows the President wasn’t just keeping the throne warm. Not impressed by the bank CEOs, they were licking their lips at the thought of cherry picking all the SMEs that just got kneecapped.
Three cuts last year gave the US some serious positive momentum. Coronavirus is a brick wall. We’ve seen the first contact, so now we have to be careful and cognizant of the echoes in the coming months.