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.

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

Today on the Brief:

Jobless claims slightly exceed expectations at 884,000ECB 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 

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