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 884,000

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 

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