Is it possible that all this blather about the economy is in part just a campaign stratety of the DimocRATS to win the White House? After January 20 we will see just how bad the economy really is.
Unfortunately, I don’t think we’ll have to wait that long.
No. Banks got fearful of taking any additional debt, despite an infusion of money from the Feds. All loans were too risky, so they stopped making them for a day last week. The market requires liquidity to operate & banks need an expectation of a return to provide it. The problem is real.