10 sats \ 2 replies \ @Atreus 2 Nov 2022 \ parent \ on: FED rate hike 75 basis point - its highest level since 2008 bitcoin
There is, of course, the teeny tiny problem of that 31 trillion dollar debt.
Not sure how this plan is supposed to work when the debt is so astronomically insane.
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100 sats \ 0 replies \ @clownworld 3 Nov 2022
They’re only pretending to fight inflation. With inflation at 15% and rates at 4%, the debt still inflates away.
They’d have to raise to like 20% to actually get inflation down.
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20 sats \ 0 replies \ @DemandUtopia 2 Nov 2022
Yeah, the "worst kept secret in finance" is that the Fed can somehow raise rates very high (over 5% or so) and keep them there for any length of time, given the massive impact that would have on the US government's interest payments. Everyone knows it's a matter of time before the costs are too great and the Fed has to print to keep the Treasury department solvent.
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