Hiru Corporation (HIRU)

[mascale]

HIRU actually expanding into the economic expansion! (CNN(?))
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There’s only one industrialized country, Singapore, that spent more money as a percentage of GDP on Covid stimulus than the US from 2020 to 2021, according to research that looked at 166 countries’ economic policy responses to the pandemic.

In the US, we had a whopping nearly $5 trillion that went out directly to households in the form of stimulus checks, enhanced unemployment benefits, tax credits and more.

That, combined with the fact that there weren’t too many excuses to spend money when everything was basically closed during the pandemic, meant that people had a lot more cash in the bank. When the economy reopened people were spending like there was no tomorrow.

That’s been leveling off but has hardly come to a halt due in large part to all the stimulus money still flowing through the economy, Joseph Gagnon, a senior fellow at the Peterson Institute for International Economics who previously worked at the Federal Reserve, told me.