The myth of hyperinflation series #6-Consumer debt & consumptionIn my last post, I talked about the liquidity trap (Banks not lending out enough despite being flooded with cash by Fed) . For loans to households, banks tightened standards across all categories of residential real estate (RRE) loans and across all three consumer loan categories—credit card loans,
Personal Consumption Expenditures Excluding Food and Energy (Chain-Type Price Index)
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