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Old 07-27-2020, 08:26 AM   #327
albionmoonlight
Head Coach
 
Join Date: Oct 2000
Location: North Carolina
The news over the weekend made it seem actually likely that this stimulus bill would expire without a replacement.

The markets are unmoved.

Either they anticipate that this is just politics and that a compromise will be reached. Or they just don't care about a stimulus being passed one way or the other.

(There's also a bit of both ways causation here. If the markets tanked on anticipation of no stimulus, that would inspire Congress to pass a stimulus to stop the bleeding. But if the markets seem OK, then that reduces the pressure to pass a new stimulus.)
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