So, the fed has been raising interest rates for some time now hoping to break the labor market and increase unemployment, crushing demand and bringing down cpi. Instead, with the collapse of Silicon Valley Bank, which may be a sign they have broken the banking system...
Prediction: the fed pivots at the next meeting and declares victory over inflation, which will likely still be rising...
Basically; "Oops, we broke the wrong thing! We tried to screw middle America, but we screwed everybody."
bitcoinforthepeople / Publius
npub1jm…5fe3x
2023-03-13 10:34:00
Author Public Key
npub1jmyv7ekdv2n04fyvq3f3drznpvth9r2vf5hwqcya5cflde4hrqgsd5fe3xPublished at
2023-03-13 10:34:00Event JSON
{
"id": "2d6fc3ccfdd7aa4e1aefc9189c9d04dfd83dc0d8a892a24c35a51caf102bcfcc",
"pubkey": "96c8cf66cd62a6faa48c0453168c530b17728d4c4d2ee0609da613f6e6b71811",
"created_at": 1678703640,
"kind": 1,
"tags": [],
"content": "So, the fed has been raising interest rates for some time now hoping to break the labor market and increase unemployment, crushing demand and bringing down cpi. Instead, with the collapse of Silicon Valley Bank, which may be a sign they have broken the banking system... \n\nPrediction: the fed pivots at the next meeting and declares victory over inflation, which will likely still be rising...\n\nBasically; \"Oops, we broke the wrong thing! We tried to screw middle America, but we screwed everybody.\"",
"sig": "cc756bd97c04e954db3d7d4b84f3f40d0b2d27c62f0a1ab97d3c94901ecb066d3119f74e2f71f2083c2453a7a481c9affa66fe881ff48c39951dfc6ea1a5b28b"
}