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Free Money and the Shortages

Summary:
Enough consumers, flush with free money, are suddenly eager to pay those higher prices, particularly for big-ticket items they didn’t really have to buy. A Magic Mix.

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Enough consumers, flush with free money, are suddenly eager to pay those higher prices, particularly for big-ticket items they didn’t really have to buy. A Magic Mix.
Wolf Richter
Founder, Wolf Street Corp. In his cynical, tongue-in-cheek manner, he muses on WOLF STREET about economic, business, and financial issues, Wall Street shenanigans, complex entanglements, and other things, debacles, and opportunities that catch his eye in the US, Europe, Japan, and occasionally China.

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