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  • Biden to Push Through Stimulus Aid

    From orbex.com

    Greenback Fades as Bears Take Control The US index dropped towards the 90 handle again as it closed 0.37% lower on Thursday. Joe Biden’s first day in the White House saw him overturn many of Trump’s executive orders, as America awaits confirmation on Janet Yellen’s large-scale stimulus and relief packages. The push for another pandemic aid package comes as thousands of people die from the virus every day, and weekly jobless claims remain stubbornly high. ECB Holds Rates The euro climbed by 0.46% yesterday as the ECB left its main stimulus policies and interest rates unchanged. Christine Lagarde stated that the ... (full story)

Good Luck Joe
...because you never know - until you do!
Quoting fxsport
Good Luck Joe
Yes yes yes go go Biden
Good luck Biden
TuriBinda
Volatility is coming!
Joe Biden is the 46th President of the United States. Biden will serve as President for a four-year term, from January 2021 to January 2025. The well-known Democrat has almost 50 years of political service, including eight years as the Vicepresident under Barack Obama between 2008 and 2016.
Hard Work, Never Loss
Will stimulus be endless?

US debts will contunue to mount with every stimulus 'created'.

So if a 3rd wave comes, you start another stimulus?

A big percentage of this stimulus goes into developing some other countries when American consumers buy foreign made products (a lot of products at their Chain Stores are made outside of USA).
Maybe Start To High Volatility Is 60 Mins
Hard Work, Never Loss
Will wait and see, so may events are ahead
Quoting Blessed-man
Will stimulus be endless? US debts will contunue to mount with every stimulus 'created'. So if a 3rd wave comes, you start another stimulus? A big percentage of this stimulus goes into developing some other countries when American consumers buy foreign made products (a lot of products at their Chain Stores are made outside of USA).
I wish folk would refrain from using the word "stimulus". Aiding those who are genuinely affected by circumstances and who cannot borrow money is necessary, of course.

But when real interest rates hover around being negative, the velocity of money is stagnant, govt has a structural deficit, confidence is so so, etc, any "stimulus" effects are marginal and ephemeral.

Yes, the economy will recover sometime in most peoples lifetimes, not because of anything the government does, but despite it (if only the economy could be allowed to by getting rid of the garbage and pimples).
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  • Posted: Jan 22, 2021 9:21am
  • Submitted by:
     Orbex
    Category: Fundamental Analysis
    Comments: 8  /  Views: 3,167