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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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.