This, in a chart, is what is wrong with the Fed and our government response. The banking system doesn't really fund people, it funds consumption and assets.https://twitter.com/WinfieldSmart/status/1277898134342045698 …
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Don't think it's right to say it's an unwinding of debt, you'd have to combined this with incomes data & half of the USA isn't working. guess % of people with debt levels putting them in poverty has gone up The point is that corporations are awash in liquidity, & people are not