Unfilter

Episode 296: $2.2T Coronavirus Rescue

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Trump signs a historic $2 trillion coronavirus stimulus bill into law. I'll explain why I think it's not a stimulus package at all.

And how likely it is things will be back on track by April, the latest Coronavirus news, and more.

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Links:
  • Episode 985: Where Do We Get $2,000,000,000,000? : Planet Money : NPR
  • Trump signs $2.2T stimulus after swift congressional votes
  • Trump signs $2 trillion coronavirus stimulus bill
  • Boeing to Emerge as Big Stimulus Winner - WSJ
  • Factbox: 'Mr. No': Meet the U.S. congressman who requested a formal vote to delay the coronavirus bill - Reuters
  • Trump signs $2.2tn coronavirus stimulus package into law | US news | The Guardian

    • $2 trillion (Congress)
    +$4 trillion (Fed & Treasury)
    ———————————
    $6 trillion stimulus

    $6 trillion divided by 350 million citizens = $17,000 per citizen

    times a family of 4

    =$68,000 per family of new national debt and dollar devaluation in this stimulus.

    not a good deal

    — Thomas Massie (@RepThomasMassie) March 26, 2020
    • U.S. Vice President Mike Pence: Previous modeling on coronavirus spread seems to be 'really wrong' - YouTube
    • Coronavirus could kill 81,000 in U.S., subside in June -...
    • Weekly mortgage applications tank 29% as coronavirus stops homebuyers
    • U.S. auto sales in states with coronavirus lockdown orders to drop 80%: analysts - Reuters
    • Why the Fed’s Bazooka Will Not Stop a Wave of Corporate Defaults | Council on Foreign Relations
    • Wall Street Cheat Sheet: Psychology of a Market Cycle
    • US virus deaths may top 80,000 despite confinement: study
    • Coronavirus stimulus bill: When $2 trillion is not enough - Axios
    • 3.3 million seek US jobless aid, nearly 5 times earlier high
    • Excerpt: Joe Biden's accuser finally tells her full story by Katie Halper
    • Mayor Garcetti announces water and power will be shut off for nonessential L.A. businesses that don’t close | KTLA
    • Senators threaten to delay coronavirus relief bill with last-minute objections - Axios
    • Trump's businesses barred from bailout money in Senate coronavirus bill
    • Jerome Powell: Fed Weighing Costs, Benefits and Trade-offs of Digital Currency - YouTube
    • This was the fastest 30% stock market decline ever
    • Fed announces unlimited QE and sets up several new lending programs - MarketWatch

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