FlowBank's Monchau: The Market Says Fed Is Behind the Curve

The video discusses the implications of a $579 billion infrastructure spending package, contrasting it with previous larger figures. It highlights the global stimulus efforts since March 2020, equating them to the GDP of China and Europe. The discussion then shifts to the $600 billion spending proposal, which is considered small and unlikely to be accepted due to its size and unclear financing. Despite this, the market perceives it positively, as it suggests some economic stimuli.

How does the speaker perceive the impact of the global stimulus since March 2020?

What concerns does Goldman have regarding the proposed spending package?

What is the significance of the $600 billion new spending mentioned in the text?

What does the speaker mean by 'a tiny portion of GDP growth' in relation to the spending?

In what way does the speaker believe market sentiment is affected by government spending?