RE:RE:HMMM MORE BANKING LAYOFFS? - IN THE AUTO FINANCE DIVISION! STRATO what's wrong with you? Those building projects came to a shutdown in your neighbourhood so the contractors could go build hotels in Cuba LOL.
In all seriousness, yes I agree with your narrative and I've been saying it all along if you recall.
Winter is coming.
Look at what's in front of you...reality is the best indicator of that. The leaves are changing colour and "falling".
As for rate increases, although inflation is the reason sighted for this action, it may also have the desired effect of keeping the King Dollar afloat. Gives the USD more value and brings down the price of commodities for the most part. Gold will have a rough ride and miners of commodities like Sherritt will have less profits.
I don't believe the dollar will be in danger in the near term. It's been discussed and threatened for decades but for the reasons I've mentioned in other posts, the USD will remain for the time being. They will still be a currency of value in many countries that trade with the USA.
And given other issues like demographics, the USA will remain the #1 economy for a while longer too. Trained consumers are what they are with all the geographical, geopolitical, demographic and economic advantages over the rest of the world.