News: Largest Asset Class In The World Is On The Brink Of Collapse
Rebel Capitalist News
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The Economic Toll of Consumer Balance Sheet Erosion
This chapter examines the $20 trillion loss from consumers' balance sheets and its implications for maintaining aggregate demand in the economy. Personal anecdotes illustrate the drastic changes in employment sentiment and the labor market dynamics since the financial crises of 2011 and 2012.
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