Post by
Marner16 on Feb 27, 2021 3:17pm
The $1.9 trillion American Rescue Plan passed last night
The highlights of the plan includes:
* $1,400 payments for adults making less than $75k or couple making less than $150k
* increasing the child tax credit from $2,000 to $3,000 and $3,600 for kids under age 6
* extending UIC payments from March 14th to August 29th
* housing rental assistance extended by $45 billion beyond the $25 billion from December
* $50 billion for covid testing and $20 billion for covid distribution
* minimum wage change to $15 per hour from existing $7.25 per hour to be completed by 2025 which I suspect will never pass in the form it is written or perhaps not at all
What does the stimulus package mean?
The money is going to get spent quickly with either purchases or paying down personal debt.
Bond yields jumped last week on the fears that inflation is going to kick in with the stimulus bill. When Trump was the President, any stimulus action was met with an upward burst in the market. Jim Cramer talked on Friday about how a little inflation now and then isn't a bad thing. The market obviously disagreed.
Or maybe Friday was a proverbial "tree shaking" in anticipation of the next leg up in the market. The huge crosses in the last minutes of trading across the board certainly smells like smart money triggering limit orders ahead of the passage of the stimulus bill.
Spring is in the air in Southern Ontario today. So is Covid, as they announced a new round of lockdowns last night for Simco/Muskoka.
The only thing that makes sense to me right now is to head outside and hike in the beautiful sunshine. In a few hours, Matthews and McDavid will be playing for bragging rights.
Comment by
FreeAtFiddy on Feb 27, 2021 3:41pm
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Comment by
Quintessential1 on Feb 27, 2021 4:32pm
Simcoe Muskoka is being moved to a red zone lockdown as of Monday March 1 old chummmmmp. But thank for the usual DB response. It just wouldn't be the ENB board without you doing it. ;-)
Comment by
FreeAtFiddy on Feb 27, 2021 5:48pm
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Comment by
Quintessential1 on Feb 27, 2021 6:16pm
I'd watch out fiddy you're going to have an anurism. IDGAF about where you live you whinny b*tch. I hope they invent a black zone for you to go into ya big cry baby and I certainly don't want you holding my hand after what you've been doing with it! LMFAO! I think you forgot which member of the Junk Crew you were there LOL! ;-)
Comment by
Quintessential1 on Feb 27, 2021 6:29pm
It sure looks like they are calling it a lockdown Jagoff! LOL! You Cromag B*tch https://www.orilliamatters.com/coronavirus-covid-19-local-news/simcoe-muskoka-ordered-back-into-lockdown-monday-3462757 LOL ya stupid CNT "Simcoe-Muskoka ordered back into lockdown Monday" "And Simcoe/Muskoka isn't exactly in a "Lock Down"."
Comment by
FreeAtFiddy on Feb 27, 2021 7:42pm
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Comment by
Quintessential1 on Feb 27, 2021 9:30pm
How about I just keep doing whatever I want and you can GFY boy?
Comment by
retiredengexec on Feb 27, 2021 4:49pm
Should be a great game. I'll take McDavid. Too early yet for Marner but he looks like the real deal. Hard for me to make this as a flames fan, but then I like beating my head against the wall.
Comment by
Fantome on Feb 28, 2021 12:00am
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