by Tyler Durden
Monday, Mar 15, 2021 - 05:12 AM
Now that the $1.85 trillion Biden stimulus is officially being deployed with tens of millions of stimmy checks being sent out this weekend to household across the nation, BofA s Jared Woodard writes that the most important question in for investors in 2021 is
what will US households do with their extra money as the economy fully reopens? or in other words, where will all those stimmy checks go. And while the consensus is that the record “savings glut” will be spent, will the consensus be wrong again? Here, BofA sees two possible outcomes:
Big Spending: a sustained real-economy consumption boom, higher wages & services inflation; bullish for GDP, but bearish for stocks because of
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