by Frank E. Holmes
The $2.2 trillion coronavirus relief package that President Donald Trump signed into law on March 27 is just the beginning. The Treasury Department is now seeking some $250 billion more to replenish small business loans, and there’s hope that the president and House Democrats can agree on a “Phase Four” spending deal, one that may target infrastructure. Trump has asked for $2 trillion.
And that’s just the U.S.
According to Evercore ISI’s Ed Hyman, as many as 285 stimulus measures have been announced around the world in the past eight months, “the most ever by a wide margin.” Japan, which only this week declared a state of emergency, approved a $1 trillion relief package on Tuesday.