Market Intelligence

A Fragile Economic Equilibrium The longer the recession and pandemic last, the easier it is to think that the worst is behind us – at least insofar as the economy is concerned. That may be wishful thinking. It’s possible the economy will rebound sharply once everything opens up, fueled by pent-up demand, but it’s also possible that it will fall off a cliff. To appreciate the fragile economic equilibrium we’re facing, one must appreciate the trends in consumer spending – more specifically, how different income groups have altered their spending over the past nine months. Right after the federal government…

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John Maxfield


John Maxfield is a freelance writer for Bank Director magazine. He was previously the senior banking specialist at The Motley Fool. He regularly writes for Bank Director magazine and BankDirector.com. His work has been syndicated widely to national publications including USA Today, Time and Business Insider, and he’s been a regular guest on CNBC. John has a bachelor’s degree in economics from Lewis & Clark College and a juris doctorate from Southern Methodist University. He’s a licensed attorney in the State of Oregon.

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