- Analytics
- News and Tools
- Market News
- US: Big business for big crisis – Rabobank
US: Big business for big crisis – Rabobank
FXStreet reports that the third and largest bill dealing with the corona crisis came out of a battle between Republicans and Democrats about who should benefit: businesses or households. It appears that in order to get both parties to agree, the cost of the bill has increased, per Rabobank.
"The House of Representatives is expected to approve the $2.2 trillion fiscal stimulus package that the Senate passed yesterday."
"Jobless claims report suggests that the unemployment rate is already at about 10%. We would not be surprised to see unemployment peak at 20-30% in the coming months."
"The big fiscal stimulus package is not likely to prevent a very sharp contraction of the economy in March and April, but it could help soften the impact in the remainder of the year."
"If the corona crisis lasts longer than the US lawmakers anticipated when writing this bill, we may see even more trillions pumped into the US economy during the course of the year."
© 2000-2024. All rights reserved.
This site is managed by Teletrade D.J. LLC 2351 LLC 2022 (Euro House, Richmond Hill Road, Kingstown, VC0100, St. Vincent and the Grenadines).
The information on this website is for informational purposes only and does not constitute any investment advice.
The company does not serve or provide services to customers who are residents of the US, Canada, Iran, The Democratic People's Republic of Korea, Yemen and FATF blacklisted countries.
Making transactions on financial markets with marginal financial instruments opens up wide possibilities and allows investors who are willing to take risks to earn high profits, carrying a potentially high risk of losses at the same time. Therefore you should responsibly approach the issue of choosing the appropriate investment strategy, taking the available resources into account, before starting trading.
Use of the information: full or partial use of materials from this website must always be referenced to TeleTrade as the source of information. Use of the materials on the Internet must be accompanied by a hyperlink to teletrade.org. Automatic import of materials and information from this website is prohibited.
Please contact our PR department if you have any questions or need assistance at pr@teletrade.global.
Bank transfers
