Comments by "Frederick Miles" (@frederickmiles8815) on "Jeff Stein: Will Stimulus Lead To MASSIVE Economic Boom?" video.

  1. That forecasted rate is U3 (short term rolling); not long term U6 (long term plus folks who are no longer looking). Clinton was the one who switched to U3, its a better story, U6 (systemic long term unemployment) combined with wage stagnation have decimated the real economy since the 90s. Your team needs better SME's who understand the financial market and real economy; Mr Stein does not understand economics in the real world - how the system actually functions. I dont think he understands the 10.5 trillion corporate debt, created by zombie firms surviving off cheap debt, will pop once rates go over 2%. We are stuck in a liquidity trap created by the Fed (Greenspan to Powell). First signs will be volatility in the REPO market, like in late 2019. Also, there was no 'New Deal' boom; there was a WWII boom and a post 1950's boom due to rebuilding of Europe and destruction of walking cities and subsidized flight to suburbs (creation of mortgages).
    1