A Tale of Two Stimulus - 09 Recovery vs 2020 Recovery
Updated
Eerie identical rallies off the bottom of the housing & covid crash
Similar environment
Will history repeat?
Similar environment
Will history repeat?
Note
in 2008 we had record money printing in response to a crisisIn 2020 we had record money printing in response to a crisis
3 years later in 2011 we had a debt ceiling crisis
3 years later in 2023 we have a debt ceiling crisis
2008 = 2020
2011 = 2023
Joe Biden was in office BOTH TIMES
Budget Control Act of 2023 Incoming
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