Quote:
Originally Posted by Boomer
And here we go again……
I assume today will be another huge hike………
Too much. Too late.
I cannot comprehend why the Fed let things run amok for so long, so now, we are being slammed as the Fed tries to catch what they let go.
OK…..I’m not an econ major, I’ll give you that……but would somebody who gets this, please explain how this entire stupid century of basically giving away money at insanely low interest rates was not supposed to backfire.
Boomer
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They were dealing in the short term and for whatever reason did not change their approach when economy started opening back up.
Now they are playing catchup. Why in the world is govt running huge deficit at same time?
Econ 101,
Run deficits during time of recession and surplus when economy is at full employment.
This economics major has been seeing what was going to happen a while ago.