Market Meltdown Continues As $2 trillion Stimulus Hits Snag in Congress.

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#stimulus #congress #stockmarket #crisis #bondmarket #economy

Today I look at how the markets continue to trade lower as the U.S. administration and Congress debate over a possible $2 trillion fiscal package to help the economy with the current health crisis. The Dow and S & P futures were limit down overnight and are still down substantially.

I also note that the German government also announced a fiscal stimulus package over the weekend worth about 10% of GDP but that despite that the German stock market index or the Dax 30 is down about 6%.

My conclusion for the day is that if the stimulus packages work it will provide temporary relief for the markets and that the options in terms of and the end result are not pretty. One would be hyperinflation and the other the collapse of the financial and monetary system.

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