Unpopular opinion: The US has been in a “depression” since 2008 when interest rates hit 0%.
It just doesn’t feel that way to most people because the economy has had a band-aid on it in the form of non-stop Quantitative Easing which has inflated asset prices, and created a positive wealth effect.
Debts are higher than in 2008, and the Fed still hasn’t let the economy deleverage like it naturally wants(needs) to.
something something something… #Bitcoin
MarkHarvey / Mark Harvey
npub1am…rm0pq
2023-05-13 05:52:20
Author Public Key
npub1amfa5fg9l6p6jg6jqw7uxlhk9c38gawkphzndvxm4ftsplw0m7uqarm0pqPublished at
2023-05-13 05:52:20Event JSON
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"content": "Unpopular opinion: The US has been in a “depression” since 2008 when interest rates hit 0%.\n\nIt just doesn’t feel that way to most people because the economy has had a band-aid on it in the form of non-stop Quantitative Easing which has inflated asset prices, and created a positive wealth effect.\n\nDebts are higher than in 2008, and the Fed still hasn’t let the economy deleverage like it naturally wants(needs) to. \n\nsomething something something… #Bitcoin",
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