Seems, inflation prospects jangled some nerves today.
During the Financial Crisis, consumers deleveraged by walking away from their debts. And now, with 20 million people still claiming unemployment insurance?
Consumers cut back on applying for credit cards, and the Fed is not amused.
You guessed it: For over half of it, taxpayers are on the hook. Time to take a look.
Funded with debt: Share buybacks totaled $5 trillion since 2012. Over same period, corporate debt soared by $4.5 trillion.
While landlords are muttering, “And this too shall pass.”
Startup investors making hay while the sun shines. Public in blindly exuberant feeding frenzy. But the IPO ETF is down 3.0% today, on too much hot air?
Stimulus and huge shifts in spending, wiping out entire industries and fattening up others.
Well, not markets. Fed-managed paper exchange.