Did fiscal stimulus just prick the bond bubble? Ep 544

Published: March 11, 2020, 1:54 a.m.

b'Markets, bitcoin, and the dollar had a Reversal Tuesday fueled by Trump\\u2019s promise of massive artificial fiscal stimulus. Trump trying to buy a second term, but with democrats holding stimulus hostage, stimulus will come with socialist labor laws and Keynesian helicopter money. Betting markets see now see Trump as the underdog.
\\nMandated paid sick leave will hurt employees.
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\\nBailouts for oil, airlines, hotels, and cruise ships are just another backdoor bailout for the banks.
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\\nWhile all the safe-haven assets dropped today, bitcoin\\u2019s price rose along with the other risk assets. Bitcoin now trades highly correlated with the stock market.
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\\nJoe Biden\\u2019s gender-based VP list is sexist. Bernie Sanders says America\\u2019s tax system should be more like Sweden, then admits he knows very little about it.
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