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27 October 2020

Bitcoiners Have Trillions and Trillions of Reasons to Ignore US Election - CoinDesk

Bitcoiners Have Trillions and Trillions of Reasons to Ignore US Election - CoinDesk


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He signaled his eagerness to strike a deal with leaders of the opposition Democratic party, who have proposed a $2.2 trillion stimulus bill.

If Trump wins in November, he’s likely to continue supporting stimulus spending or easy monetary policy from the Federal Reserve, given his four-year track record of jawboning the U.S.

equity strategist for the Wall Street firm Morgan Stanley, told CNBC on Monday that “no matter who wins the election, by the first quarter we’ll have an additional stimulus that’s probably still required to make sure that the recovery continues.” .

Pantheon Macroeconomics’ Ian Shepherdson wrote Monday in a report that the next relief bill isn’t likely to come until early February, but “stimulus is coming, and the longer it is delayed, the bigger it will be,” and the more likely the Fed finances the extra costs.  .

That works out to about $3.7 trillion a year.   

Federal Reserve Chair Jerome Powell has made no secret of his stance that the government needs to ramp up spending to fuel the recovery from the coronavirus-induced recession

Fitch, the bond-rating firm, wrote Monday in a report that voters consider the economy to be the top issue in the 2020 election, and that a stimulus package of about $1 trillion or more is likely whoever wins.   

Treasury bonds and mortgage securities a month, a pace that works out to $1.44 trillion a year.     

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