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Interest rates
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69Cat
Posted 8/23/2024 13:27 (#10863060 - in reply to #10862876)
Subject: RE: Interest rates


I would agree. And expecting low interest rates now to fix anything after the massive debt expansion via dirt cheap rates of 2008 to 2016 and arguably right to today then expanding debt more isn't going to fix an economy ruined by earlier policy.

But what do we expect from the experts who don't see any inflation even in 2016 when most assets had already doubled (land and housing being quite evident) as well as most other goods up around 1.5x. And we are to beleive they couldn't find inflation even if they flipped open a daily newspaper and looked at costs of common items.

No, these guys know exactly what they are doing. Have known for 100 years what the effects of cheap debt are. They know cheap debt now does not fix anything for the average Joe, but that really isn't their concern nor objective.

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