Under the effects of the Pandemic, consumers and businesses grapple with their own “Reset.”
As after the last crisis, fueled by ultra-cheap money, they’re taking financialization of the housing market to the next level.
A lump-sum payment in digital dollars for all Americans in a recession or to raise inflation as alternative to QE & negative interest rates, which have failed
It just looks so tempting.
SoftBank was only a cog in the huge machinery.
A sort of sector rotation of layoffs, and it’s not a good sign, even as millions of lower-wage workers are being hired back.
“Easy money is a curse for capitalism.”
Over 30 million people lost their jobs between mid-March and mid-May. But the wealth of America’s 600+ billionaires ballooned by $434 billion. How did this happen?
“Extend and Pretend” forevermore?
What’s so insidious about the Fed’s bailouts of investors in hedge funds, mortgage-REITS, stocks, bonds, leveraged loans, and other often risky assets? The destruction of capitalism.