During the Financial Crisis, consumers deleveraged by walking away from their debts. And now, with 20 million people still claiming unemployment insurance?
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?