Lively debate springs up
How much stimulus is too much?
Larry Summers highlighted the inflation risks around another $1.9 trillion in US stimulus and that kicked off a lively debate, including a cameo from Olivier Blanchard.
The market is weighing in with its own ideas. Here are 10-year breakevens, which just broke the 2018 high.
Meanwhile, the high in Brent crude so far today is $59.95, up $0.59.
