The Pandemic Is Accelerating The Breakdown That Began A Decade Ago
Mar 26th 2020 8:20am EDT
The Pandemic Is Accelerating The Breakdown That Began A Decade Ago Authored by Charles Hugh Smith via OfTwoMinds blog, The feedback loop has reversed: by saving more, people will spend, borrow and speculate less, draining the fuel from any broadbased expansion. In eras of confidence and certainty, people save less and spend more freely. When we’re […]
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