Biden’s Stimulus Package Lights a Fire Under the Economy

[Bill Bonner’s Diary]( Biden’s Stimulus Package Lights a Fire Under the Economy By Emma Walsh, Managing Editor, Bill Bonner’s Diary The $1.9 trillion stimulus package was signed off by President Biden this week. Financed by the feds’ printing press, it provides “relief” – or as Biden calls it, a “fighting chance” – to many Americans, regardless of whether they need it or not. But the market is already running hot in expectation of seemingly endless stimulus from the feds. Nearly every asset class is in a bubble. And inflation is imminent… Pretty soon, it must all go up in flames... Regards, Emma Walsh Managing Editor, Bill Bonner’s Diary --------------------------------------------------------------- [image]( [A Different Kind of Order]( Bill starts the week with a story about his departure from Nicaragua. Things work differently in different countries. In Nicaragua, for example, things may seem disorderly. But, he reports, no matter how it may seem, there is an order; it is just a different one. --------------------------------------------------------------- [image]( [Investors Getting a SPACing]( A SPAC, or special purpose acquisition company, is what Bill calls a “slick way of going public without an IPO.” And the SPAC market has been on fire of late. But, Bill asks, is the SPAC a successful innovation, making IPOs easier and more efficient? Or is it another feature of La Bubble Epoch? --------------------------------------------------------------- [image]( [Up in Smoke]( Today, a story about a painting that became four times more valuable after it was (intentionally) burnt to ashes. It perfectly illustrates Bill’s point about the madness caused by the feds’ never-ending money-printing and stimulus. As he says, when the money goes bad, everything gets a little nutty. --------------------------------------------------------------- [image]( [Biden Delivers a Sucker Punch]( Joe Biden’s $1.9 trillion relief package will provide funds for all manner of people, communities, and schemes. But does this give the average American a “fighting chance,” as Joe Biden says? Or does it put him up against the ropes, with no chance to escape the blows that will rain down on him in years to come? --------------------------------------------------------------- [image]( [Reflections on Reflections]( Three times in the past, Bill has found himself out of sync with his dear readers. The first was when he predicted the dot-com crash. The next was when he disagreed with the invasion of Iraq. The third was when Donald Trump ran for president. Now, defending Trump’s legacy, dear readers once again fill Bill’s mailbag… --------------------------------------------------------------- [image]( [An Early Boost for Our Trade of the Decade]( Spiraling debt… higher bond yields… and the surge in money supply… will inevitably lead to inflation. The economy is already “running hot.” We’re seeing bubbles in nearly every asset class. But on the bright side… all of this is providing a nice tailwind for Bill’s latest Trade of the Decade. Bill’s Bonner-Denning Letter coauthor Dan Denning tells us more… Like what you’re reading? Send your thoughts to [feedback@rogueeconomics.com](mailto:feedback@rogueeconomics.com?subject=Biden’s Stimulus Package Lights a Fire Under the Economy). Recommended Links --------------------------------------------------------------- [image]( [Emergency Briefing: “The Great Reset”]( By May 28th, Americans could be faced with a difficult choice: Accept a “Great Reset” and risk losing the American way of life… or stand up and fight back to save what’s left of the American dream. Jeff Brown, member of a D.C.-based advocacy group, explains what every American must do before May 28th to preserve his assets and thrive. [Click here to see this emergency briefing before it’s too late.]( [image]( [Bill Bonner: Shadow-Banned?]( Have [America’s top booksellers refused to carry Bill Bonner’s final book]( You won’t find new copies of Win-Win or Lose at Barnes & Noble… And not a single copy is floating around on eBay. In fact, the only used copy we could find was going for $79 on Amazon. Which is why Bill recently authorized us to take drastic steps to put a copy in your hands essentially free – as part of this limited time offer. 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