Jpow needs to become Volker 2.0 and just rip the band aid off. Let's go 20%
Lol. Taking full advantage of downvotes being turned off. I can respect that!
What's karma in the lemmyverse?
To the moon! Let it rip!
They're trying to find the middle ground. More 0% rates would destroy the economy with inflation, but 20% rates would destroy the economy with corporate slowdowns, an epidemic of bank failures, and great-depression scale unemployment. Inflation is high but trending down so they think the current policy is working.
They are pausing rate hikes because inflation has slowed down.
No, quite the opposite. What I said is correct, which you can verify by looking up inflation figures, but I'll save you the trouble.
US Inflation Rate is at 4.05%, compared to 4.93% last month and 8.58% last year.
Also, it would be great if, in the future, you could put some more thought into your choice of words. We can disagree with each other without such a hostile tone and if I understand correctly, especially beehaw is trying to be a bit of nicer place and you weren't very nice in your comment to me.
Dude. You how by how much state bonds would drop with such a jump? Silicon valley bank would be peanuts compared to that.
Buy the dip?
No one said it was going to be easy. Either way we are screwed. Pause? Screwed. Gradual rate hikes? Gradually screwed. Let's just go all the way and get it over with.
Jpow needs to become Volker 2.0 and just rip the band aid off. Let's go 20%
Lol. Taking full advantage of downvotes being turned off. I can respect that!
What's karma in the lemmyverse?
To the moon! Let it rip!
They're trying to find the middle ground. More 0% rates would destroy the economy with inflation, but 20% rates would destroy the economy with corporate slowdowns, an epidemic of bank failures, and great-depression scale unemployment. Inflation is high but trending down so they think the current policy is working.
They are pausing rate hikes because inflation has slowed down.
No, quite the opposite. What I said is correct, which you can verify by looking up inflation figures, but I'll save you the trouble.
https://ycharts.com/indicators/us_inflation_rate
Also, it would be great if, in the future, you could put some more thought into your choice of words. We can disagree with each other without such a hostile tone and if I understand correctly, especially beehaw is trying to be a bit of nicer place and you weren't very nice in your comment to me.
Dude. You how by how much state bonds would drop with such a jump? Silicon valley bank would be peanuts compared to that.
Buy the dip?
No one said it was going to be easy. Either way we are screwed. Pause? Screwed. Gradual rate hikes? Gradually screwed. Let's just go all the way and get it over with.