The combination of accelerated vaccine distribution + trillions of dollars of emergency federal spending + warm weather + pent-up demand + low interest rates = Roaring Twenties for the U.S. economy.
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Nearly nine months after the $2.2 trillion CARES Act became law, the lame duck Congress is poised to pass an additional $900 billion relief bill before adjourning for its winter break.
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Government emergency efforts worked and the economy saw significant progress in May and June. But with the virus spiking in wide swaths of the country in July, hopes have dimmed hopes for a more significant third quarter bounce.
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