Oddbean new post about | logout
 The zombie economy is on its last legs as is evidenced by companies like Walgreens, which find themselves strapped for cash, loaded with debt, and on the brink of bankruptcy.

This puts the Fed in a catch-22; let them fail or turn the money printer on.

nostr:naddr1qvzqqqr4gupzq3e0gs8jnmued6f2rp4c6vs07xqvs4vs8zpwt82smcdch4txjvq7qqxnzdejx56nwdph8qmrydf394ez7f