This podcast is produced by KPP Financial, Steve Peasley President,

KPP Financial, Independent Thinking, shared success, and now today's podcast.

Good afternoon fellow investors and welcome to Invest Talk. This is our Monday, October 26, 2020 edition of Invest Talk and in most parts of the country now we are feeling that fall chill as

we ascend on the fourth quarter a little over a week away from the election. Holiday activities are certainly

picking up as well as COVID cases around the country. In 49 out of the 50 states the R-0 is above one which means it's it's

spreading faster than it's dying in those particular areas and that's the

first time we've been at these levels since

the start of the pandemic. So it's something that is not only worrisome from a

health perspective but more of an economic perspective of what will the policy prescriptions be that will limit economic activity.

And this is also likely to mean a wild ride. We also know that the economy is

reliant on fiscal spending. We know that. The Fed has come to the end of its rope pretty much and

they have now married fiscal and monetary policy in order to bridge this gap.

Right?

And so unless fiscal policy steps up,

we're going to have issues economically.

And it's something I spoke to on my YouTube video on Friday,

speaking about the new Breton Woods moment which is something the

IMF wrote about and the fact that stimulus typically lasts three to six months well guess what we're past the six month

more this is much larger than your average stimulus remember post financial crisis

in it was it 2009 I believe it was.

The stimulus was under a trillion dollars,

seven, 800 trillion, I forgot the exact amount,

...