That was what the Fed wanted, to lower demand and therefore cost of living.
They're just trying to stave off complete collapse until after the election.
Discussion
Yep, as planned. Funny how you don’t see any mainstream media about it..
I’m calling it ‘the silent recession’..
They totally manipulated/buried it with part time blue-collar jobs in the last jobs report..
Yes, the hours work, wages per hour, and type of contract are declining. Companies are clinging to workers because the employee base is so thin and so many Boomers are retiring, but they're running out of steam.
Cutting hours is the last hail mary before layoffs. I don't think they're going to make it to November.
The money printer will be turned back on in July.
And what will we buy with that money, if everyone is sitting at home, unemployed?
🤔
Jobs, market bonds, oil, anything to keep this illusion alive..
If gas were to hit $6/7 a gallon for example, it’s instant recession depression..
The ECB has big infrastructure funds and they can't seem to find projects and workers to spend it on, so it just sits there.
Oil will continue to fall because of the effect of reduced production and unemployment.
I think we can expect real prices to collapse.
Typically gas prices fall into recession
But ultimately you’re right, the crack up fake boom of money printing will destroy all pricing
It's funny that you think we will get any meaningful amount of that fresh money.
It's funny that you think there is any amount of freshly-printed money that could be meaningful.
Haha it's meaningful if you have it
You would have to spend it extremely quickly. Funnel it all into Bitcoin, I suppose, hence the ETF. Hard to find other markets that can absorb excess currency that efficiently.
Didn't Lagard call it the "safety valve"?
November seems pretty far out, they will either have to print a shit ton of money or the media will have to do some psycho 3D mental acrobatics..