HousingAggressive

HousingAggressive t1_jadep3u wrote

IMO today’s situation is immensely different from the Volcker era. Being a fan of Volcker I believe JPow knows exactly what to do but there’s just too much debt, personal and national, tied up in the economy. What they are trying to do is just to raise the rates high enough to see if they can bring the inflation down slowly over time while not fucking up they whole economy.

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