@DaveHcontrarian @rmkelleygmailc1 @ParkerMMW @Dynamicbrands @RobMeyer9 @MoneyTrawler @LukeGromen Ok, 15% rates means interest costs are 5 times what they are today for the average mortgage holder. The principal stays the same. What household cash flow can withstand a 500% increase in interest costs?
@DaveHcontrarian @rmkelleygmailc1 @ParkerMMW @Dynamicbrands @RobMeyer9 @MoneyTrawler @LukeGromen I don't see how rates can approach anywhere near the levels you have talked about. 15%. How is that mathematically possible when Debt to GDP ratios are 5 times higher than what they were in the 80s? Even rates at 5% would cause interest expenses to overwhelm total tax receipts.
@DaveHcontrarian @rmkelleygmailc1 @ParkerMMW @Dynamicbrands @RobMeyer9 @MoneyTrawler @LukeGromen How will that post 2030 collapse manifest in your opinion?
@amancool5@LynAldenContact@INArteCarloDoss@DaveHcontrarian If you have value destruction through leverage unwind, you will have deflation. The deflation would have been even more pronounced without QE. It's like pouring water over a fire. It can still burn, but less brightly if only a little was used.
@LynAldenContact@INArteCarloDoss If you create money, out of thin air, it is inflationary period. Even if you have deflation, the deflation is less than than what would have occurred without money creation. What is so difficult to understand about that? Extra money, prices higher, relatively speaking.
@DereckCoatney This guy is a fkwit and so are you. There is literally not a shred of scientific sense in anything this bespectacled boomer prick said. Tell this can't to farkoff
@AvidCommentator @electricBAU @TheKouk They need to hike 0.25% yesterday. Very easy to walk it back if inflation is indeed transitory. And if indeed it isn't, they wouldn't be confronted by a sudden need to go 0.5% which could really blow things up.
@CathieDWood This is the stupidest pie in the sky Jetsons nonsense I've heard. Tone deaf to the travails of the working classes bled dry by offshoring.