This commentary was issued recently by money managers, research firms, and market newsletter writers and has been edited by Barron’s.
U.S.’ Dangerous Spending Spree
Macro & Portfolio StrategySept. 10: As Congress considers the proposed bipartisan $550 billion of new infrastructure as well as the proposed $3.5 trillion additional social spending and taxes, a potential wrench in plans is the likelihood that Covid-19 rebounds in the fall, redirecting funds and attention. Assuming that is not the case, we observe three dangers…
