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Economy

Budi

(15,325 posts)

5. "Americans are flush with cash"...??

Reply to elleng (Original post)

Fri Apr 29, 2022, 08:38 PM

Apr 2022

Maybe in Reich's eschelon of society, but no one in the better part I know of believe they are 'flush with cash'..perhaps pre-Trump they would have considered themselves to be secure but not since 2017 nor especially the end of 2019 on.

I don't know exactly what part of our society he's talking about.

Ramble on..

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by Robert Reich Warning: The Fed is aiming a battering ram at the American economy. [View all] elleng Apr 2022 OP

Time to hunker down. Hard times are coming. Tomconroy Apr 2022 #1

Reich sure lost favor among Obama, Hillary Clinton, and Biden. Hoyt Apr 2022 #2

I suspect his support of Sanders had something to do with that JohnSJ Apr 2022 #4

No doubt. Reich was a fellow on the Sanders Institute, along with Budi Apr 2022 #6

Yup. JohnSJ Apr 2022 #9

Real estate prices are out of control, and interest rates have been too low for too long JohnSJ Apr 2022 #3

"Americans are flush with cash"...?? Budi Apr 2022 #5

Basic Econ 101. Native Apr 2022 #7

"Flush with Cash" - The Personal Savings Rate was elevated during the pandemic progree Apr 2022 #8

I'll quibble a bit with this part: ymetca Apr 2022 #10

There's a big hole in the Fed's theory of inflation --- incomes are falling at a record 10.9% rate progree Apr 2022 #11