In this clip from The Macro Show this morning, Hedgeye Director of Rearch Daryl Jones and Macro Analyst Drago Malesevic offer their perspective on the recent approval of $1 trillion in new federal stimulus and its impact on demand.
"I wouldn't really expect this new government spending to produce all that meaningful an uptick in aggregate demand," explains Malesevic. "It runs counter to the goal of the monetary policy—which is the central driver. We are in a monetary policy dominated economic regime at the moment."
