2min chapter

Panic with Friends - Howard Lindzon cover image

Wall Street Legend Jim O'Shaughnessy - A Calm Voice in Turbulent Times (EP.222)

Panic with Friends - Howard Lindzon

CHAPTER

Did It Cause More Inflation?

The Stimmy was like, hey, you don't have to worry. You got this money. You'll be okay. And so I personally think it was a genius move. Now did it cause more inflation? Yeah, of course it did. We're seeing it right now because unlike what I said about when they saved the big banks,. It was just an accounting thing, right? The stimmy got actually in circulation. People didn't cash shows check the view. They let it about. Every everybody levered those checks up. Americans being Americans, they were like, "I'm rich"

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