Mike Wilson of Morgan Stanley:
“This time, we have a potentially much more inflationary combination of an unprecedented targeted fiscal stimulus and possible deregulation of the banks to get the cash into the hands of lower income individuals and small businesses that are inclined to spend it. Such a dramatic shift in US fiscal and monetary […] View
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The latest U.S. government data shows the retail industry lost 46,200 jobs in March to furloughs and layoffs, but the cuts will be much deeper as the crisis wears on, research from the National Retail Federation shows.