The Biden-Harris Economy—Just More Trickle Down From The Fed

The underlying folly of the Fed relentless interest rate repression policies is made starkly evident by the chart below. Back in Q2 of 2010, the annualized rate of household savings was $703 billion (purple line), while balances on credit cards (black line) stood at $772 billion. Fast forward 14 years and credit card balances have […]
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