Malkovtheclown t1_j328m98 wrote on January 5, 2023 at 3:45 PM

Reply to comment by [deleted] in US jobless claim applications fall to lowest in 14 weeks by AudibleNod

What I mean by ripping the band aid off, is the policy now is causing a slowing that only benefits those with enough cushion to survive higher inflation slowing down over time instead of a spike all at once. People who think slowing the economy is better for the masses probably aren't living paycheck to paycheck or think the stock market is the economy.

[deleted] t1_j32dp7a wrote on January 5, 2023 at 4:17 PM

Y'all think you can just avoid a recession by causing a depression. It's like avoiding a little war by starting a big one.

Malkovtheclown t1_j32fgqb wrote on January 5, 2023 at 4:28 PM

Who's y'all? Right now there is a lot of bracing for a recession, but it's not really going deep enough. Just waiting for people to get unemployed is not a great plan.

[deleted] t1_j32gzsr wrote on January 5, 2023 at 4:38 PM

People obsessed with lowering inflation. You can't just make more goods exist. There's 200m people in a war economy state in Europe. Until that concludes inflation is going to exist.

Malkovtheclown t1_j32hv5u wrote on January 5, 2023 at 4:43 PM

Rate hikes need to be increased not slowed down. That's not a supply problem. Thats a protecting stocks instead of people problem.

[deleted] t1_j32jswt wrote on January 5, 2023 at 4:55 PM

'that's not a supply problem'

Um yes it is. Most of our shortages right now are energy related thanks to Saudi Arabia lowering oil production at a time the world needs more on the whole.

World metal supply is really constrained too. So is the grain supply thanks to Russia hitting the Ukrainian farms. The entire world is needing to be fed. Prices go up. It's basic economics.