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2023-11: Warosu is now out of extended maintenance.

/biz/ - Business & Finance

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53567546 No.53567546 [Reply] [Original]

>> No.53567554
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53567554

>>53567546
Higher rates will fuck everything

>> No.53567565

>>53567554
What are the discontinuities about?

>> No.53567570

>>53567554
Wtf happened in 2010?

>> No.53567585

>>53567570
Goyim started consuming again. Are you new?

>> No.53567619

they'll just push it off so everyones happy and fed

>> No.53567624

>>53567565
I think the FED is trying to hide how bad things really are as not to cause panic
I wish I was wrong though and someone would present a valid reason why they would discontinue the M2 Money Supply for example

>> No.53567736

>>53567554
Sometimes the forest needs to burn in order to expand

>> No.53567743

>>53567546
>dude let's just max out a bunch of credit cards during historically rising interest rates going into a recession lmao

>> No.53567776
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53567776

>>53567743
Exactly. People keep spending, but dont have the money. Thats why the savings rate is imploding to historical lows.

>> No.53567819

>>53567546
why does it seem like this doesnt really matter?

>> No.53567915

>>53567819
Because you are a child inexperienced in adulthood.

>> No.53568020

>>53567776
God, I bet the Fed board gets hard reading this chart.

>> No.53568061

>>53567776
People spending money and saving nothing is bullish for the economy. Of course, if they are doing it with money they don't have it means its double bad because it boosts inflationary pressure today and will inevitably cause an equal or greater deflationary pressure when they have to pay that money back + interest, or worse default.

>> No.53568160
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53568160

>>53568061
Yes. Same thing will happen to the government.
Everyone from the consumer to the polticians is used to years and decades of low interest rates.
High rates REQUIRE to stop spending, but they cant, without everything going down

>> No.53568390

well we just had like 20% inflation, so, higher debt in dollars is to be expected. they're also making more money, so, while this is concerning it seems to be about par with our current inflation rates.

>> No.53568492

>>53568160
>>53567776

wew lad

>> No.53568554
File: 70 KB, 951x570, 2022-11-10_05-33-28 (1).jpg [View same] [iqdb] [saucenao] [google]
53568554

>>53568390
>debt keeps rising
>real wages keep falling
What can go wrong
Also see: >>53567776

>> No.53568893

>>53567554
Imagine having debt

>> No.53569103

>>53567546
This is old news, it happened nov of last year(new ath cc debt)
People have also spent half there savings at this point and the savings rate is below precovid which was already abysmal.
We are totally fucked, a global war is the only thing that can distract from an economic catastrophe that will make the great depression seem like a minor hiccup.

Or, there really is a soft landing incoming and the good times are coming back.

>> No.53569156

>>53569103
News was from today, it just keeps going worse
https://www.cnbc.com/2023/02/03/us-credit-card-debt-jumps-18point5percent-and-hits-a-record-930point6-billion-.html

>> No.53569365

>>53567546
Who cares. Imagine unironically paying your credit cards back.

>> No.53569446
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53569446

>>53567776
>>53568160
its over isnt it

>> No.53569557
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53569557

>>53567554
>>53567776

Only for the average Joe. The upper class has significant amount of cash waiting to be used.

>> No.53569597
File: 45 KB, 1461x541, 2023-01-22_010837.png [View same] [iqdb] [saucenao] [google]
53569597

>>53569557
Thats good to hear, because overall savings are down

>> No.53569627

>>53569446
No my fren. It has only just begun.

>> No.53569671

>>53567554
>>53567776
>>53568160
It should be pretty obvious what happens next. The biggest red flag is that there are countless people like this >>53569361.

>> No.53569742

>>53569597
I wouldn't say that is good news. Just continuing the trend of increasing wealth inequality. The poor will unironically end up living in pods if this trend continues.

>> No.53569834

Holy shit you guys are fucking dumb, inflation is a derivative of currency strength not rates, rates control the supply of money and a strong currency is one where supply and demand is consistent

High rates do not matter if your currency remains strong. Literally the only reason rates are this high is because it’s easier for the financial system to handle real negative rates over nominally negative rates.