Joe Biden is getting ready to pump. Unofficially, the new White House administration is said to want as much as $1.9 trillion to hit the markets. Is this already pure madness or a way to fight the crisis? Joe Biden turns on the printer The third Covidian "fiscal package" is to be worth 1.9 trillion USD - calculates the "New York Times". What does it contain? Apparently, a third "one-time" check for Americans (this time in the amount of $1,400 per capita). Additional money is also supposed to go to "minority communities." The mischievous claim that this is a political decision, since it is this group that votes mostly for Democrats. This is what Wall Street investors feared. The point is that the Republicans were against further printing (or at least on the scale that their competitors want). Biden's success, on the other hand, means that more money will probably be pumped into the economy. What do the markets think? It was already noted at the time of the spring package that some of these funds found their way to the exchanges (including those that allow buying BTC - American entities noticed a big jump in deposits worth $1200, which is the amount that US citizens used to get from the government). - There's a tug-of-war between expectations for the next fiscal stimulus - a result of Democrats taking control of the Senate - and a labor market that has a long way to recover, said Emily Roland of John Hancock Investment Management. "More poor data from the U.S. labor market came in before the session. The weekly number of applications for unemployment benefits unexpectedly rose as high as 965,000, while it was expected to stabilize at 780,000. This is not the first negative surprise from the US labor market. December BLS report showed that employment in non-farm sectors decreased by 140 thousand, while economists on average expected increase by 100 thousand". - Krzysztof Kolany describes on bankier.pl. However, there are many indications that Bitcoin (and other cryptocurrencies) as well as precious metals - gold and silver - may benefit from the further addition of money. Tags dollar FED Joe Biden
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