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168 sats \ 2 replies \ @k00b 27 Oct 2023 \ parent \ on: Ridiculous ZIRP phenomena you've seen? meta
That's so many businesses. That's likely all of retail that Amazon didn't already kill. Automakers and airlines are probably going to need to be bailed out again.
I'd guess a lot of our economy, and what manufacturing base we have, depend on ZIRP.
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100 sats \ 1 reply \ @Undisciplined 27 Oct 2023
I hadn't thought about much of this until now. All the supply chain disruptions, labor force problems, and so much more, are rooted in the rate hikes to some degree.
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167 sats \ 0 replies \ @k00b 27 Oct 2023
Chilling!
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