(Biden's) one trillion-dollar stimulus program follows President Obama’s famous $800 billion shovel-ready stimulus program of 2009. The results are in for Obama’s boondoggle. No effect on the longer-term economic growth rate. A waste of taxpayer money.
The 2021 over one-trillion-dollar infrastructure plan will in all probability end the same way as Obama’s shovel-ready stimulus, with no positive effect on the longer-term economic growth rate. We know this from the 2009 experience and from infrastructure projects in other developed economies, notably Japan.
https://issuesinsights.com/2021/09/17/whats-behind-runaway-inflation/
Ed McQuarrie talks the REAL History of Stocks and Bond performance.
Here's the link.
https://streamyard.com/watch/7TJR6uBd7dkK
See you at 7!
https://www.morningstar.com/retirement/retirees-dont-need-fear-lost-decade-they-need-plan
A good read for people preparing for retirement
https://www.morningstar.com/retirement/bill-bengen-inflation-is-greatest-enemy-retirees
Biggest risk going into retirement could be inflation