Want to understand what’s going on in the economy in 30 seconds? Use this frame.

If you’re not an economist or professional investor and want to understand the state of the economy you could do worst than using this as your frame and making all subsequent decisions from there:

https://www.axios.com/money-companies-investors-assets-buybacks-dividends-f0a4d79b-bfa7-4205-9d27-f09b50266307.html

In sum:

- Everyone is hoarding cash

- Central banks can’t stimulate investment

- The most telling quote is:

“Companies could pay their workers more, but that would be terrible for the stock market”

Thanks @benjaminfalk for sending it to me

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