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America’s financial titans are coming to a consensus: We are on the early edge of the biggest economic boom since World War II, with the promise of years of growth after the privation of the pandemic.
Why it matters: They might be wrong, but all point to the same data — this expansion will be kickstarted by trillions in spending from presidents Trump and Biden, the Fed’s easy money, and piles of cash that consumers and companies accumulated during the COVID shutdown.
This is likely to be a global phenomenon: Biden administration spending will have ripple effects around the world, and overseas bank accounts also have grown during COVID.
