To What Degree Is Omicron a Threat to the Economic Recovery?
Real Vision: Finance & Investing
00:00
Bond Market - Is There a Ton of Cash on the Side Line?
The bond market is wrestling with what to do about the fiscal deficit. The consensus is all expecting above trand growth next year, including the fed. Anything less than that is likely to cause o marked activity. We could actually have a pretty sharp and meaningful fiscal contraction over the course of fiscal 22 and maybe into early part fiscal 23. That's the definition of a fiscal drag that we're likely going to see.
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