Congress to Americans: Good Luck

Will Congress come up with an aid package? Unless they act now, millions of our neighbors are set to lose their unemployment benefits in the next two weeks. After the new year, they’ll also lose their eviction/foreclosure protection. “Merry Christmas” from our public servants. More like “good luck.”

Meanwhile, the market continues its meltup in anticipation of stellar retail sales and a vaccine rollout which will result in only another 100-150,000 deaths.

And the FOMC is wringing its hands, trying to figure out why historically low interest rates aren’t helping those who can’t borrow.

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