The combination of accelerated vaccine distribution + trillions of dollars of emergency federal spending + warm weather + pent-up demand + low interest rates = Roaring Twenties for the U.S. economy.
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Nearly nine months after the $2.2 trillion CARES Act became law, the lame duck Congress is poised to pass an additional $900 billion relief bill before adjourning for its winter break.
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Investors cheered the likely outcome of a Biden presidency, a Republican-controlled Senate and a Democratic controller House, believing that gridlock would amount to a win for corporate America.
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Pandemic lifelines have arrived from Congress. The crushing financial impact from coronavirus prompted the government to provide $2 trillion dollars in the third phase of its response to the escalating crisis.
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