In the 1970’s, when the economy was much stronger. The trade deficit was a trade surplus, government debt was only 300b, and the market had healthy 5% interest rates, we STILL had to raise interest rates to 20% to reign in inflation.
Twenty percent. 20x higher than what is currently projected.
That’s like saying if someone can survive off a 2000 calorie diet they can survive off a 100 calorie diet. It’s like saying that because a $60,000 a year salary is livable so is a $3,000 a year salary. 20x is such an absurdly large difference and 1% interest rates are so absurdly small
Sell if you think other people will sell and you want to front run. But if you actually think in your mind the fed is gonna reign in inflation with 1% interest rates you are a genuine idiot
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