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
