Federal Reserve Z1 Data for 2019: The Debt-Driven Party Had to End Eventually, Coronavirus or No Coronavirus

“If something cannot go on forever, it will stop,” Herbert Stein “Markets can stay irrational longer than you can stay solvent,” John Maynard Keynes Federal Reserve Z1 data for 2019 was released on March 12, and it shows a continuation of the post-1980 trend. https://www.federalreserve.gov/releases/z1/default.htm For the past four decades businesses have paid most Americans … Continue reading Federal Reserve Z1 Data for 2019: The Debt-Driven Party Had to End Eventually, Coronavirus or No Coronavirus