Great Mehrling comment on BIS report: US monetary policy is, to a large extent, world monetary policy. https://t.co/YWiXPqTOSe
America’s K-shaped recovery: spending on durables goods has bounced back. Services not so much … offsetting? LOOK AGAIN … compare
October 22, 2020
America’s K-shaped recovery: spending on durables goods has bounced back. Services not so much … offsetting? LOOK AGAIN … compare the left and right axes.