How Monetary Policy Undermined American Resilience
Today on the Brief: Jobless claims slightly exceed expectations at 884,000 ECB keeps policy unchained; euro rises versus dollar Survey: What’s the right way to understand the business and market cycle in the U.S. today? Our main...
September 11, 202015m 22s
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Show Notes
Today on the Brief:
- Jobless claims slightly exceed expectations at 884,000
- ECB keeps policy unchained; euro rises versus dollar
- Survey: What’s the right way to understand the business and market cycle in the U.S. today?
Our main discussion: interest rates and the undermining of American resilience.
In this discussion, NLW looks at a number of artifacts of the low interest rate world, including:
- Increasing cost of child care
- Declining share of total net worth held by bottom 50%
- New startups using lottery tactics to incentivize savers