Fiscal Spending Is Having A FAR Bigger Impact Than Investors Realize | Kevin Muir, The Macro Tourist
It's likely to prop up the economy more substantially than many expect
We're all aware of how the pandemic threw the economy and financial markets into unprecedented disarray.
And for the past two years, investors have eagerly awaited them to return back to a state of normalcy.
But has "normal" changed vs the pre-COVID days?
How much of the old playbook no longer works well, if at all, in today's world?
For answers, I was fortunate to speak with market veteran Kevin Muir, founder and editor of The Macro Tourist, the highly-acclaimed newsletter that currently ranks as the #12th largest financial Substack in the world.
Kevin sees the impact of the ongoing fiscal stimulus as being much more impactful than investors currently understand.
And in terms of releasing spending into the economy, he thinks the fiscal flood has just begun. Investors need to grapple with rethinking their strategies in view of these unprecedented circumstances.
To watch this excellent discussion with Kevin, click here or on the image below:
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