SURV_podcast_05-27-22_1Surveillance: Fed Mistakes with El-Erian (Podcast)
Bloomberg Surveillance
00:00
The Stimulus Checks Are Landing Three Times in the Us
Nel: I'd love to get your sense of what it does when people see real negative wages, right? Because we talk about how the consumer continues to spend in the united states. Does it matter that they're earning even less on an inflation adjusted basis? Or do they just have so much cash on their savings, and, frankly, the availability of credit to go out and buy whatever they want, that it doesn't matter? Nel: The interest in thing is, the different story in the us is a much larger fiscal stimulus. Stimulus checks e landing three times in the us. If you look where real income are going to be at the end of this year, compared
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