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dsignyesterday at 7:54 PM1 replyview on HN

I wouldn't make much of it; the economy looks a bit iffy right now due to the surge in energy prices and difficulties sourcing inputs. This affects mainly industrial enterprises, shipping and transport but those are no small sectors and anything that affects them ripples through the rest of the global economy. Where I live (Northern Europe), not only are those sectors already sacking people, but the banks are rising interest rates well ahead of an expected wave of inflation. This affects both consumer and industrial loans, and it means that many economies are going to continue in contraction or that things may get worse.


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pipesyesterday at 9:08 PM

The raising interest rates right now makes no sense to me. Energy prices and layoffs will kill spending power. I think the central banks will overcompensate because they got inflation so wrong the last time.

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