Today on the Brief:

• Jobless claims slightly exceed expectations at 884,000
• ECB keeps policy unchained; euro rises versus dollar 
• Survey: What’s the right way to understand the business and market cycle in the U.S. today? 

Our main discussion: interest rates and the undermining of American resilience. 

In this discussion, NLW looks at a number of artifacts of the low interest rate world, including:

• Increasing cost of child care 
• Declining share of total net worth held by bottom 50% 
• New startups using lottery tactics to incentivize savers