Inflation: Extraordinary times call for a little more p
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Bullish fund managers positioned for transitory inflation
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Big-money managers back Fed s belief that inflation is transitory
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President Joe Biden’s bold budget proposals must raise serious questions about the country’s economic future. Not only do they raise immediate inflationary concerns. They also raise concerns about the country’s long-run debt sustainability.
In his first 100 days in office, Mr. Biden has come up with three very large budget proposals at an estimated total cost of a staggering $6 trillion or close to 30 percent of GDP. First, he rushed through Congress a $1.9 trillion American Rescue Plan stimulus package. Now he is proposing an American Jobs Plan aimed at improving the country’s infrastructure and an American Families Plan to address social issues each with price tags of close to $ 2 trillion.