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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.
Yazan Nathaniel Whittemore
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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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
See also: ‘Absolute Raging Mania’: Famed Investor Druckenmiller Thinks 10% Inflation Is Possible
For more episodes and free early access before our regular 3 p.m. Eastern time releases, subscribe with Apple Podcasts, Spotify, Pocketcasts, Google Podcasts, Castbox, Stitcher, RadioPublica, iHeartRadio or RSS.
Note: The views expressed in this column are those of the author and do not necessarily reflect those of CoinDesk, Inc. or its owners and affiliates.
Sizin için daha fazlası
Ether drops below $2,000 amid heavy selling pressure, yet futures open interest hits a record high. This divergences suggests aggressive shorting.
Bilinmesi gerekenler:
- Ether has fallen below $2,000 for the first time since March amid rising risk aversion, with losses of nearly 8% over the past week.
- Open interest in ether futures has hit a record high even as prices drop, a combination that suggests aggressive leveraged selling and a bearish market tilt.
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