Sublime

À la prochaine crise qu’elles provoqueront sûrement encore, les gouvernements voleront à nouveau à leur secours, avec votre argent, et les banques centrales les financeront, comme elles le font depuis la crise de 2008, gratuitement voire à des taux négatifs. On continue à raser gratis. Je ne me suis jamais fait beaucoup d’illusions

lower weekly earnings, fewer household savings, and increased household debt.

This is the challenge we need to tackle today: revisiting every function that was once performed by the Great Safety Net back when it worked so well. We need to imagine institutions to once again serve the three goals that we should all be obsessed with: making consumer demand steadier, increasing household income, and providing access to

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A blind, unquestioning hunger for yield revived the moribund subprime market. Janet Yellen claimed the Fed’s intention was to help ordinary people by making homes and cars more affordable. This time around subprime loans went to car buyers with poor credit scores rather than homebuyers. ‘Auto receivables’ – short-term debt securities originated and