These past few months, you can see how many people are living pay-check to pay-check, with excess savings depleted from inflation saved in covid.

Credit card debt and delinquencies surging. Geopolitical and social tensions rising.

This is all before unemployment has risen meaningfully. Once we get a surge in unemployment. Then the rich will start to be affected as the middle and lower class won’t be able to keep the economy going as we enter deflation/recession.

Household consumption is 60% of the economy. We will then see a drastic fall in tax receipts, which make up 60% of the GDP (UK).

I don’t see how stimulus, QE brings back jobs/production.