Congress just passed a $2 TRILLION bill for "coronavirus relief," the largest stimulus bill ever passed in the US. For now, all the headlines are focusing on the $1200 checks for people making less than $75,000.
But in order to fund this plan, the US Treasury will be issuing trillions in new debt.
In other words, Wall Street is going to have an absolute field day with all these new investment opportunities.
As always, the biggest welfare recipients in the US are the banks and the institutions closest to the banks. Financial policy serves to prop up the financial elite at the expense of the rest of us.
Never let a good crisis go to waste, indeed!

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