MMT continues in view of poor economic data
As the COVID-19 situation progresses, we can expect more stimulus from the US, subject to both the senate and congress sentiments and approval. At the moment, Trump is acting up again with regards to the blame game and pointless flaunting. On the other hand, China has been playing a more mature character in recent months when other countries blame them for the pandemic. From my point of view, blaming a superpower in the world is not going to be effective. At most, there can be some diplomacy achieved but overall it does not solve the program, as with any “blame game” situations. In the coming week, the US will be announcing more plans for stimulus to help the economy and America and that might lead to another week of low volatility consolidation for STI.
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