Capital Markets Winter 2021
The Check Is in The Mail Road to Recovery
• Enormous fiscal stimulus of approximately $5 trillion has been signed into law
• With Democrats in control, we believe more stimulus is to come
• Boosting disposable personal income may accelerate an already existing recovery
Huge Fiscal Stimulus
2021 stimulus is smaller but hits an already recovering economy
3% + More to Come?
2021: Boosting existing growth?
2020: Mitigated stay-at-home recession
Fiscal Stimulus % of GDP
Source: Committee for a Responsible Federal Budget.
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