Damus
MartyBent profile picture
MartyBent
@MartyBent
Too many people certain that interest rate policy is going to destroy demand and lower inflation. Not enough worried that a rapid rise in the cost of capital is going to massively bork the supply side and render demand destruction mute.
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DETERMINISTIC OPTIMISM 🌞 · 152w
Wait till the demand side ends for houses because no one qualifies for mortgages
MPhilDG · 152w
Moot*
⚡️🌱🌙 · 152w
Too many people under 35 think interest rates are high right now. They are not. The average Fed Funds rate since 1955 is 4.25%. US economy was able to grow very robustly at about +4% per year pre 9/11 with interest rates of 5-6%. No parameter is fixed in macroeconomics. When one parameter changes...
Bill Cypher · 152w
Argentina inflation, 100% and interest rates 70%. Let's not let facts invalidate our theories though. Just keep repeating raise rates and interest drops and it will come true, same as saying Beetlejuice.
Drew F · 152w
Maybe that’ll mean prices will drop:)
Narwhal Tacos · 152w
Controlling money is like a very long, very boring sim-game. And only a handful of people got the pre-release. Bitcoin opt’s you out of having to live thru the livestream.
Narwhal Tacos · 152w
Federal Reserve is playing the longest, most boring, yet most consequential Let’s Play livestream ever. Most Economists are just fanbois. Prove me Wrong.
Jerry Curlan · 152w
We’re about to see high inflation and high interest rates at the same time. Gonna be ugly.