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/biz/ - Business & Finance

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50083859 No.50083859 [Reply] [Original]

>slightly raising interest rates will fix this
they think everyone is retarded right

>> No.50083869

so is the world coming to an end then? thats the only logical conclusion

>> No.50083890

>>50083869
>he didn't see it coming
NGMI

>> No.50083929

>>50083859
that's M2. the line goes straight up because checking and savings deposits are now a component. they used to be excluded. that wasn't any new creation of money, that was just an accounting change. however, around 16T it resumes its upward trend from actual inflation, an increase in the supply of money -- this is in the form of new short-term (<1year) government debt being issued... to pay back longer-term US debt outstanding.
the US can no longer afford to pay the interest on new longer term debt than 1 year, at the prevailing rates in 2021. now that jpow cranked it up on them, the biden admin is a bunch of dead xirs walking, congress will flip easily, and yet QE will not stop.
enjoy the ride.