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And remember that stimulus year (FY2009) included the 0B of capital to banks just to cover the $Ts of non-risk assets the Fed created in the first place and crashed the whole system; ie not spending for government consumption or transfer payments. And FY2018 is starting out even higher. Now is not the time to be calling for a recession next month. HIGHEST SPENDING SINCE OBAMA'S STIMULUS https://t.co/ryzOmR9rGd — DRUDGE REPORT (@DRUDGE_REPORT) October 20, 2017
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And remember that stimulus year (FY2009) included the 0B of capital to banks just to cover the $Ts of non-risk assets the Fed created in the first place and crashed the whole system; ie not spending for government consumption or transfer payments. And FY2018 is starting out even higher. Now is not the time to be calling for a recession next month. HIGHEST SPENDING SINCE OBAMA'S STIMULUS https://t.co/ryzOmR9rGd — DRUDGE REPORT (@DRUDGE_REPORT) October 20, 2017
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Mike Norman considers the following as important:
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And remember that stimulus year (FY2009) included the $350B of capital to banks just to cover the $Ts of non-risk assets the Fed created in the first place and crashed the whole system; ie not spending for government consumption or transfer payments.
And FY2018 is starting out even higher. Now is not the time to be calling for a recession next month.
HIGHEST SPENDING SINCE OBAMA'S STIMULUS https://t.co/ryzOmR9rGd— DRUDGE REPORT (@DRUDGE_REPORT) October 20, 2017