Quote:
Originally Posted by vtec to vvel
You're right, however, statistics show that for every $17 is spent, $15 of this is on credit. This is unfortunately the norm even before the pandemic.
Spending does need to slow down, but the bigger pressing issue is keeping the supply chain functional, not to decrease production in an already supply-stricken environment by raising rates. Spending going down and supply going up would theoretically lower inflation. However, at the current rate, it looks like supply AND demand are both being wiped out, and with inflation to stick around.
|
There is ZERO chance of the Fed guiding us to a soft landing. By definition, we are in a recession, regardless of what these clowns think and say.
Rule number ONE is you don’t raise interest rates in a recession.
They’re whistling past the graveyard.
__________________
Stillen Gen 3 CAI, Fast Intentions CBE, Z1 34 Row Oil Cooler, Ecuteck Tuned by Dave at Z1, Clear Bra, Z1 Hood Stuts
|