You need to be logged in to view this video

Will Washington Wreck the Recovery--And Thereby Crush the Stock Market?

Released on Tuesday, March 16, 2021•ECONOMY

Share
Facebook Twitter LinkedIn SMS

The pandemic is subsiding as more people get the vaccine. The economy is ready to roar. But the Biden administration is throwing serious amounts of sand into the gears of the economy and this has ominous implications for stocks.

Steve Forbes

Forbes Media, Chairman and Editor-in-Chief

Steve Forbes is chairman and editor-in-chief of Forbes Media. His newest project is the podcast "What's Ahead," where he engages the world's top newsmakers, politicians, and pioneers in business and economics in honest conversations meant to challenge traditional conventions as well as featuring his signature views on the intersection of society, economy, and policy. Mr. Forbes helped create the highly acclaimed public television documentary, In Money We Trust?, which was produced under the auspices of Maryland Public television. The film was inspired by the book he co-authored, Money: How the Destruction of the Dollar Threatens the Global Economy - and What We Can Do About It. His latest book is Inflation: What It Is, Why It's Bad, and How to Fix It, co-authored by Elizabeth Ames and Nathan Lewis. Mr. Forbes writes editorials for each issue of Forbes under the heading of "Fact and Comment." A widely respected economic prognosticator, he is the only writer to have won the highly prestigious Crystal Owl Award four times. The prize was formerly given by US Steel Corporation to the financial journalist whose economic forecasts for the coming year proved most accurate. In both 1996 and 2000, Mr. Forbes campaigned vigorously for the Republican nomination for the Presidency. Key to his platform were a flat tax, medical savings accounts, a new Social Security system for working Americans, parental choice of schools for their children, term limits, and a strong national defense.