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.

AccessTimeIconSep 10, 2020 at 7:00 p.m. UTC
Updated Aug 19, 2021 at 4:16 a.m. UTC

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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.

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  • This episode is sponsored by Crypto.comBitstamp 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 

    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.

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