We Are Going to Need a Bigger Stimulus

Payroll -650,000. Unemployment rate from 7.6 to 8.1 percent.Another $1T stimulus needs to be in the budget resolution.And it is now one full year that I have Bern saying:1. Swedish model for the banks.2. Unleash the gses to borrow at the Treasury rate and by up–at current market–every mortgage in the country.I really wish I weren’t so smart and so clear-sighted.

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