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In reply to the discussion: Don't look at your 401K... DOW down 1100+ AGAIN. [View all]roamer65
(36,739 posts)53. Inflation won't be tamed anytime soon.
It eventually took 21 percent interest rates in 1979-1981 to quell 12 percent inflation, with permanent damage done to our manufacturing economy.
Fast forward to now.
There are still MAJOR supply chain problems influencing demand and we have inflated M1 money supply by at least 50 percent.
Small rate rises wont kill inflation and the government cannot afford borrowing costs going too high, lest we set off a fiscal crisis.
Inflation is here to stay.
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I have been trying really hard to avoid anything regarding the markets recently
nevergiveup
May 2022
#7
It was never intended to pay a livable benefit by itself. Maybe it should but it doesn't.
totodeinhere
May 2022
#14
It's just a current news story being shared amongst (mostly) like minded folks...
WarGamer
May 2022
#50
Anyone with an IQ over 60 knows that a POTUS has little control over such things...
WarGamer
May 2022
#44
when interest rates rise, stocks go down. and major retailers are hurting from supply chain issues
Demovictory9
May 2022
#42