Covid relief bill could be very bad for economy (2021)

I've noticed many bouts of TDS Torrette's syndrome coming from you.

 

Happens all the time in Blog Forums!

M R A (Moving right along ...)

 

THE HERD FACTOR

It may be that such a tremendous amount boosting the economy is not necessary. It depends. Upon what?

Consumer sentiment! Word amongst economists here in the EU is that once a sufficiently large part of the population are inoculated, thus diminishing the public's mortal-danger, then consumers will start spending "in catch-up mode".

Is there any reason to believe a market-crash may not happen in the US as well? Methinks there is good-reason. For as long as consumers are earning but not consuming the Pent-up Demand (for goods/services) will eventually kick-start once again. How well it will restart is yet another question. We must wait-'n-see.

Economists always have such doubts about the economy. Sometimes they are right, sometimes wrong about the future. The profession of economics is in constant questioning-mode because consumer-behavior is, in fact, genuinely unpredictable. Some psychologists call that "the herd factor" ...

 

After nothing but ad hom attacks from you, which you seemed to enjoy, you are attempting to have a normal debate?

I don't think I can type enough bloviated words to satisfy your reading pleasure.

But in short, sure, a market crash could happen.
Without the relief, the market crash would have happened already.
See March 2020.

 

Difficult, isn't it.

Try harder ...

 

Look at the history of GDP during Covid, which hit the US a bit later than Europe in Early 2019:
Year --- GDP Growth Rate
2019 --- 2.2%
2018 --- 3.0%

Covid affected the GDP by a lower value of 0.8% in 2019. Which aint so bad and moreover, it will regain growth this year. I'll bet it will be again close to 3%.

So, where's the "market crash", huh? Where ... ?

 

Who claimed there was a market crash?
Except for me pointing out that March 2020 one happened. Stock market crash.