chand1986
2023-06-17 00:42:06
- #1
I don't need psychic abilities for that. A look back at the last 25 years is enough. Look at Mrs. Lagarde's résumé. Then you'll know where the interest rates will go again.
Especially since all the numbers point to a recession. It just has to work its way through. So the interest rate hikes fight inflation by causing a recession – which is then fought again with rate cuts, because none of this was really wanted in the first place, and in theory, it all works differently…
That you can't tackle a price increase caused by terms of trade rather than a wage-price spiral like this, surprise, surprise.