How Monetary Policy Undermined American Resilience

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