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Economy

bucolic_frolic

(47,365 posts)

1. Yeah, just ease the pain to help us while you destroy the US dollar

Reply to sprinkleeninow (Original post)

Mon Sep 26, 2022, 05:30 AM

Sep 2022

Powell will play Volcker in a shortened time frame. Interest rates will go way higher in my view - double from here - to curb inflation. Recall 1982 it took 14% interest rates to cure 14% inflation. I think 7-8% is likely from here. Supply chains are functioning but no one is ramping up production because there's no money to be made in the looming recession.

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Federal Reserve May Have Gone Too Far As S&P 500 Tests Bear Market Low - Investor's Business Daily [View all] sprinkleeninow Sep 2022 OP

Yeah, just ease the pain to help us while you destroy the US dollar bucolic_frolic Sep 2022 #1