I follow Shadow Statistics, as the CPI GDP Employment (and other) numbers issued by the government are bogus nonsense. Inflation is at about 12% down from about 17%. Interest rates at 5.5% makes borrowing money “very easy” and far from a “tight” monetary policy.
There will be consequences, and they will be very bad consequences, for the US government to be under the belief that it can borrow unlimited amounts of money each year and use the Fed Reserve to force interest rates to be well below the inflation rate.
And when humpty dumpty falls off the wall, all the elites’ horses and the elites’ men won’t be able to put humpty together again.
“Interest rates at 5.5% makes borrowing money “very easy” and far from a “tight” monetary policy.”
Loans to consumers are higher.