Trump’s policies pose an existential threat to the American bubble economy. As Japan discovered three decades ago, there’s no easy escape.

Officials signaled their intent to loosen monetary policy, and easy money often lifts equities and other financial assets—at least for a while. As for the rest of the economy, better not ask.

As the U.S. government takes extraordinary steps to try to stem the fallout, Age of Easy Money, a new FRONTLINE special, tells the story of how the U.S. economy arrived at this unsettled moment.

Let's face it: There is no easy or imminent fix for the flagging recovery. The sluggish economic summer wore on Friday with news that Americans spent less at most retail stores in July.

Investors celebrated what could be the return of an easy money era after the Federal Reserve cut interest rates for the first time since March 2020 and projected rates may decline even further ...