How the Coming Credit Crunch Could Harm the Economy and Real Estate Prices
Money For the Rest of Us
The Effects of the Pandemic on the Money Market
Fed Governor Christopher Waller said firms are handing us over $2 trillion of liquidity they don't need, most of which is in money market mutual funds. Cash flowing into the economy increased wealth because the government was just sending people money. We've actually been here before. Similar situation back when I was in college. It was the savings and loan crisis that went from the mid-80s to the mid-1990s. 1,043 savings and loans, also called thrifts, collapsed out of 3,200. The taxpayers in the U.S. about $100 billion.
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