Will Snags with New Washington Stimulus Squelch the Economy and Stocks?
Not really, says UBS’s Haefele, sounding optimistic on vaccines and possible fresh aid in 2021.
Tag: Steven Mnuchin
Market Moves
Dr. Doom: Partisan Divisions Will Axe a New Stimulus—and Bring Another Downturn
To economist Nouriel Roubini, a breakthrough is unlikely either in a lame duck Congress or the one next year.
Newsmakers
Treasury Rejects Benefit Cut Requests from Musicians, Teamsters Pensions
MPRA rejections were the first under Treasury Secretary Mnuchin.
Asset Allocation
Sam Zell Calls Markets ‘Too Optimistic,’ Expects U-Shaped Recovery
Although he says the economy is now in a recession, Zell doesn’t think it will be as deep as expected.