Post by
spacegimp on Sep 08, 2023 7:02am
if oil continues up and home prices refuse to fall
these central bankers will push rates up another 2% as a final act to bring both under control , it will also plunge the world including usa into recession
high oil prices are like a slap in the face to western globalists intent on punishing russia , yes we all know the high price is fabricated by OPEC and others
the only way to defeat that will be one final push higher in interest rates which will bring most development projects
(lenders will also tighten credit restrictions) to a halt and slow the economy
i dont think the average joe can take another 30% increase in food prices
i dont think leaving rates at 5% is enough deterent
Comment by
SNAKEYBOY on Sep 08, 2023 9:22am
Central banks have an egg on their face...their hikes barely worked. Insanity is trying the same thing and expecting different result. Hiking these days causes inflation, higher costs passed to the consumer