Yellen, Summers Spar About Overheating Risk in Stimulus Plan Financial markets are increasingly reflecting expectations for a strong rebound and investors don’t seem concerned about inflation. Bloomberg | Feb 08, 2021
(Bloomberg)
In making the case for a mammoth $1.9 trillion economic relief package, President Joe Biden and his acolytes had maintained that economists across the board agreed that now is the time to go big in the fight against the pandemic.
Well, so much for that. A number of prominent economists and former policy makers from Democrat Lawrence Summers to Republican Douglas Holtz-Eakin have raised questions in the past week about the size of the package. So too have some economy watchers in the financial markets.
Low Inflation? Asset Prices at Record Highs Suggests Otherwise January 10, 2021
One of the keys to being a successful investor is making sure you’re getting the right facts. Otherwise, you run the risk of making investment decisions based on poor or faulty information.
The problem is, the media has a major trust issue. Many Americans put very little faith in the accuracy of the “news” they get from newspapers, TV, radio and social media. A Gallup poll in September found that 33% of Americans a full third don’t trust the media at all.
This would be distressing in any year, but it was particularly so during a pandemic and presidential election.