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To: george76

Result of Fed raising rates too high, too fast. Shows how little the Fed cares about the economy or risk analysis reports generated in-house. In my opinion, this is by design with goal of creating a global electronic currency.


16 posted on 05/08/2023 2:07:10 PM PDT by Boomer One ( ToUsesn)
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To: Boomer One
Result of Fed raising rates too high, too fast.

Banks were screwed either way. If interest rate hikes were more moderate, inflation would have gone higher, devaluing past loans even further. Banks get a 5% percent return on loans, but when real inflation (not the fake CPI number) is 10%, they're losing money on each loan.

Banks always get killed in high inflationary environments.

23 posted on 05/08/2023 4:38:45 PM PDT by Right_Wing_Madman
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