One of the telling signs of a #liquidity #trap is when you lower #rates and increase #money #supply and don't get much economic activity from it. Welcome to the #USofJapan pic.twitter.com/pW2vFWA3on
— Lance Roberts (@LanceRoberts) August 3, 2020
Consumers Use Free Money to Pay Down Debt
Stimulus money is in play but psychology may be a bigger factor.
People are rightly worried about what happens when the checks run dry.https://t.co/mV8B4jGXgM
— Mike "Mish" Shedlock (@MishGEA) August 3, 2020
Jaw dropping https://t.co/fMdreeHWvI
— BLACK SWAN (@RetirementRight) August 3, 2020
Dollar on defensive as U.S. recovery story in doubt https://t.co/VtrGstArgS pic.twitter.com/yGvhtmlb0g
— Win Smart, CFA (@WinfieldSmart) August 3, 2020
This is a great chart breaking down the increases to personal income from February to June. Everything declined except #welfare. If Congress doesn't get a deal done, spending is about to dry up quick. pic.twitter.com/PCdu06UWLW
— Lance Roberts (@LanceRoberts) August 3, 2020
The city that never sleeps is taking a long nap.
It breaks my heart to see JFK Airport so empty.
Our state economy is going down the drain quickly.
I don’t know how much longer this can last financially.
We need to reopen our economy. pic.twitter.com/di2gHY2X2s
— Dr. David Samadi (@drdavidsamadi) August 3, 2020