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David Shapiro on stock market’s 10% surge celebrating US Govt’s “much needed” $2trn injection
For vastly experienced stock market watcher David Shapiro, the $2trn US Government stimulus package is to be applauded.
For vastly experienced stock market watcher David Shapiro, the $2trn US Government stimulus package is to be applauded. He has little doubt this was the right call – even though it came on top of the promise of even more support from the Federal Reserve. In times of war, he reasons, you spend first to ensure victory and worry later about how to pay for it. – Alec Hogg
David Shapiro joins us after the market – the Johannesburg Stock Exchange – going gangbusters. It did the same last night in New York and the whole reason for this is that the Americans are going to inject $2trn into the economy. David why?Â
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