Main Street loans may not be the right solution for some businesses, in part because the CARES Act states clearly that these loans cannot be forgiven...
The liquidity boom fueled from record fiscal and monetary stimulus has disappeared. The unwind process will be uneven just as it was uneven on the upside when record stimulus flowed through portfolio, income, and spending channels.
...the Federal Reserve has set an even fiercer wildfire – inflation. And we are in danger of it burning out of control through the entire US economy...
Revolving credit - i.e., credit card debt - shrank once again, the 5th consecutive monthly decline, dropping by $293 million to just below $1 trillion.