Posted on 07/20/2021 1:45:16 AM PDT by Doofer
Like they didn’t already think of that….
Re: Shrinkflation - I rally noticed this after 2008 or so. Lay’s potato chip bags got quite a bit smaller.
The Fed sets short term rates. The market sets medium and long rates.
As long as there are major countries with zero or negative interest rates our debt will have downward pressure on the interest rates the global market for debt will accept.
That’s a double edged sword, as it could weaken our ability to fight inflation as well as overspending.
I see no evidence of a rate hike. This isn’t Paul Volcker, hell it’s not even Jimmy Carter. They’d have to taper first and one barely sees evidence of a taper especially after the recent catastrophic stock market sell off. People also forget that President Trump’s key Fed appointments are up next year including Powell. Odds are higher that Sleepy Joe’s handlers put in some super woke MMT types and inflation gets into double digits.
Sorry biden but this is their time to collapse the US. It’s their half a century long goal so don’t expect them to stop now when they’re close to meeting that goal
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