She’s a crashin’.
Crashing?
I have been chewing on this thought now for a while.
They needed to pull back all that money they flooded the economy with from the pandemic, wouldn’t these deposits etc. show that contraction is happening? AND while painful, it is a good thing, but it is not? Fewer dollars should equal a stronger dollar and more purchasing power of the dollar, but it does not?
So what is really happening here? Deflation against a backdrop of inflation?