Economy Needs At Least $1.3 Trillion In New Stimulus To Sustain Recovery, Bridgewater CIO Says

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Negotiations over the next stimulus bill in Washington have come to a standstill, and Bridgewater expects a major drawdown without additional relief.

with CNBC, Greg Jensen, the co-CIO of hedge fund giant Bridgewater Associates, estimated that the U.S. economy needs another stimulus bill worth between $1.3 trillion and $1.7 trillion to sustain its recovery. KEY FACTS

He expects a “big drawdown” if lawmakers, who have been struggling for weeks to agree on the next round of federal coronavirus aid, don’t enact any more measures to prop up the economy.

 

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We can not keep printing money. If the Dollar loses status of the world’s reserve currency, we are looking into decades of stagflation.

TrumpsEconomy

Socialism to the rescue as clueless humans struggle to survive Armageddon. But God already wrote that hyperinflation would come with the 3rd seal of Revelations. So Satan's bookkeepers at the FED print on command.

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