3 ms·
In my opinion it was real estate that sucked up most quantitive easing during the Great Recession, directly as well as indirectly through the fact that it was s
by witchesindublin 3y ago
In my opinion it was real estate that sucked up most quantitive easing during the Great Recession, directly as well as indirectly through the fact that it was sub-prime mortgages being bailed out.
Real estate collapsed during the pandemic so all the pandemic-era money went into peoples savings accounts and then onto everyday goods, which capitalists used to make more money. The savings rates of Americans points to this picture as well.