Chief Investment Officer
Larry Light, Markets Editor, July 7, 2020
Chief Economist, Jeanette Garretty shares her insights on the chances of an inflation spike after the pandemic recession has ended.
In other words, a lot of the Washington provided liquidity is trapped in bank coffers or in financial assets. Which is another way of saying that it’s not going to house or auto buying, vacations, college tuitions, or other uses that were common four months ago and built fat gross domestic products. For example, airline ticket costs have plummeted 15%, said Jeanette Garretty, chief economist at Robertson Stephens Wealth Management. “No one is flying. Demand has just weakened.”
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