by Tyler Durden
Thursday, Apr 08, 2021 - 03:50 PM
Over the weekend, we explained why both Goldman and JPM expect economic activity in April and May to top "
Anything We'll See In Our Careers", on the back of four main factors: i) continued stimulus injections, ii) $1.5tn in 'excess' savings, which Goldman expects that to rise to about $2.4tn, or 11% of GDP, iii) a record share of respondents planning to purchase a home in the coming months, and iv) $4.44 trilion currently sitting in US money market fund.
But what happens then... Will the record stimulus tailwind - and soaring inpuct costs - become a margin-crushing headwind which will hammer the economy in the second half?