Why Is This Happening? The Chris Hayes Podcast cover image

“The Phoenix Economy” with Felix Salmon

Why Is This Happening? The Chris Hayes Podcast

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The Importance of Fiscal Stimulus in the Economy

Five or six trillion dollars of fiscal stimulus was poured into the economy so that you didn't have that demand gap. Even in the markets, which were all about valuing the net present value of future cash flows, there is no massive decline in the stock market. We're still valuing future cash flows that are incredibly high valuations. And we have the tech stocks leading the stock market up right now.

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