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mono442yesterday at 6:40 PM4 repliesview on HN

For me, it seems like a logical consequence of overheating the economy by cutting interest rates to zero during the COVID period.


Replies

duxupyesterday at 8:15 PM

I recall similar predictions from stimulus from the mortgage crisis. Things did not seem to play out predictably, I'm not sure all the old rules are as hard and fast anymore as people think.

jaybrendansmithyesterday at 6:54 PM

You are off by several years on the interest rates, which have an 18-24 month impact. Also we have this idiotic and unlawful tariff war the US administration is currently perpetrating. But I'm certain AI is having a huge impact as well.

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2OEH8eoCRo0yesterday at 8:50 PM

Combined with stimulus and PPP

scoofyyesterday at 11:05 PM

So, we're just doing whatever it takes to blame the Democratic Party, huh?

Cutting interest rates during a period of time when people were literally locked in their homes waiting for a vaccine to be manufactured? I mean, yea, there were mistakes made, and the PPP and Biden stimulus were very obviously bad decisions, but pretending that tariffs and literally threatening allies has nothing to do with this economy is just lunacy. Just look at what's happening to the American tourism sector. It's falling apart.

I'm a liberal guy, but this take is ridiculous.