5 ms·
Total consumption did not change with Covid, it just went from one part of the economy to another. Kind of like squeezing a balloon - same amount of air, just
by SkipperCat 4y ago
Total consumption did not change with Covid, it just went from one part of the economy to another. Kind of like squeezing a balloon - same amount of air, just in a different part of the vessel.
As for the massive amount of manipulation, that was done in plain sight. The fed had injected $$$ and low interest rates into the economy since 2009 and finally the spigot stopped.