12 Mar 2021 The Unprecedented $1.9T Stimulus Package and What It Might Mean for Investors in the Weeks and Months Ahead
Posted at 16:46h in Blogs
[caption id="attachment_95" align="alignleft" width="150"] Dr. Patrick Welton Founder and Chief Investment Officer[/caption] For macroeconomic investors the passage of this bill is a watershed event, but its implications for what comes next are likely even more consequential. The new $1.9T economic relief package that was passed by Congress this week and signed into law yesterday, is without question the most ambitious anti-poverty agenda in a generation. Economists estimate that low- and moderate-income Americans will benefit the most from this aid, especially individuals earning $75,000 or less and couples earning $150,000 or less. The number of Americans living in poverty is predicted to drop...