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re: Most currencies in the world are in the red vs US Dollar
Posted on 9/28/22 at 9:03 pm to Fat and Happy
Posted on 9/28/22 at 9:03 pm to Fat and Happy
quote:
Remember, we are not in a recession. It doesn’t matter that we have the 3rd quarter in a row of negative growth.
But it's not like the recession after the housing crash, to many people looking for help and too much money out there getting spent. This is different. Not an economist so I can't figure it out. It's as if we aren't growing the economy for the lack of carpenters and spare parts.
Posted on 9/28/22 at 9:15 pm to keks tadpole
When you redirect a big chunk of your economy to worthless totems like masks, pills that don't work, etc. there will be consequences. When you have people suddenly sitting at home instead of going to work that too will have consequences. Raise rates, lower rates, print money... whatever. Big portions of the world are in the throes of a hysterical death cult and you can't fix that buy changing interest rates. You might as well try to land a 747 using just the trim tabs.
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