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2 sats \ 4 replies \ @TheBTCManual 4 May 2022 \ on: Fed raises rates by half a percentage point — the biggest hike in two decades — to fight inflation bitcoin
I rate they've got another 25 basis points in them, keen to see how far they're willing to let the stonk market fall
I'm curious as well. The political pressure has to be incredible.
You've already pissed off poor people with inflation. Now, you're going to piss off the middle class and above by taking away their gainz.
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If they're talking about student debt forgiveness, even if that's just one of those voter promises that never happen, they have to be pretty desperate, that's a big boot on the middle class too.
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At least enough to transfer more wealth.
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S&P would have to drop by 20% to get back to pre-pandemic levels, which even that would be complete chaos, I think in 2020, 18% of public companies were zombies pretty sure that's even higher now
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