Another year, another COVID relief package—$1.9 trillion worth this time. As the old saying goes, “A trillion here, a trillion there, and soon you’re starting to talk about real money!”
But what does this latest cash injection into the economy mean for our closed-end fund (CEF) returns in 2021? Let’s take a look, starting with the big-picture view.
The Extra Debt Is Manageable
The No.1 worry with all of this is that, with all the borrowing the government has done (a total of $6 trillion has been spent on stimulus so far), we’re going to be left with a crippling debt crisis.… Read more