Discover and read the best of Twitter Threads about #barryeichengreen

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Since the start of the worldwide #pandemic the U.S. government has poured trillions of dollars into the battered economy, hoping to avoid another #depression , While this has kept many businesses across the country alive, it has sparked on what the impact would be on the world’s
financial markets. For years, bankers and #hedgefund managers had been piling on more increasingly risky financial products that the markets were deeming as #safehavens
On a level of the entire U.S. equities market, the sustained lowering of the risk-free interest rate brings
about an inevitable rise in the price of asset classes, as we have seen over the past 12 years.
Having kept interest rates at historically low levels since the aftermath of the financial crisis, the Federal Reserve had very little room to move rates lower when the pandemic
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