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A giant wealth transfer explains why the economy isn't responding to Fed policy: Ray Dalio

Por: MarketWatch Business August 02, 2023

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Data last week showed that a resilient U.S. economy in the second quarter, propelled by steady consumer spending and a rebound in business investment. In the U.S. and around the world, governments ran big budget deficits in 2020 and 2021, and still are, while central banks bought boatloads of bonds. Then in 2022, as inflation soared and unemployment remained low, there was a move toward “less insanely easy fiscal policies,” Dalio said, while... + full article



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