@JackFarley96@Stimpyz1 Compounding* well above the 2% ceiling / target / average / floor? Can’t keep up with the goal or even the way they calculate it. But yay cheaper leverage for Wallstreet
@jasonfurman@FoxNews A 5% increase on avg wage ($60,000) is $3000. A 5% increase on avg house ($400,000) is $20,000. Plus food, car, insurance, utilities. Stop gaslighting
@DrDodjie@GRomePow@DiMartinoBooth Poor people are priced out by the price of houses. ZIRP and QE was implemented to raise those prices. I still haven’t heard any convincing argument on how raising overall prices helps poor ppl.
@libertymonk@MiddleClassPats@unusual_whales What % of their wealth comes from income vs capital gains which have been massively inflated thanks to money printing/debt monetization
@Joseph_Browning@zei_squirrel The “wage-price spiral” is complete propaganda from central banks. This isn’t a red vs blue debate. It’s labor vs capital and the sooner ppl realize central banks don’t represent working class or Main St the better.
@GreekFire23 PV = cash flows / (1+i)^t When you artificially suppress interest rates, you artificially jack up the present value of assets. Why is this not considered inflationary