There's a clear spike in retail consumption as soon as the stimulus money is sent. It's a few years of growth within one year, which is an anomaly that can't be

There's a clear spike in retail consumption as soon as the stimulus money is sent. It's a few years of growth within one year, which is an anomaly that can't be written off. Frankly the data is self evident. Of course other factors may be at play too such as change in consumption habits due to unique circumstances, but it can't be denied that stimulus money handed directly to people will increase consumption. Savings rates are at highs as well, in conjunction with increased spending. Which opens the door for even more spending if we do get a surge in demand with reopening. I don't have a stance on whether or not that additional spending will materialize, but it would increase the velocity of money.