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BREAKDOWN: How Monetary Policy Undermined American Resilience

A legacy of artificially low interest rates is not just the death of savings, but a forced buying into the perpetual growth machine of financial asset prices.

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A legacy of artificially low interest rates is not just the death of savings, but a forced buying into the perpetual growth machine of financial asset prices.

This episode is sponsored by Crypto.com, Bitstamp and Nexo.io.

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