Inflation has risen in three of the last four months and is slightly higher than it was a year ago. Yet you wouldn’t know it from listening to President Donald Trump or even some of the inflation fighters at the Federal Reserve who have dismissed or even downplayed inflation.
Does he know that cutting the rate has a tendency to raise inflation? Jesus, these morons don’t even know basic economics.
They know EXACTLY what they are doing 100% of the time.
Not Trump. Maybe some of those around him.
But even those don’t always have a handle on what’s happening, and events can fuck over even the best-prepared.
I will not give them that much. Many of these people at the top are greedy idiots. The smartest things they did are to buy other greedy idiots who were elected and to pay greedy smart people to keep modifying the system that they themselves don’t fully understand to make them richer.
they 100% know what they’re doing, everybody knows the game by now. powell was running the fed during the dot.com crash and 2008, him being there now is no accident
No, this is totally the point. The wealthy can borrow cheap money now to buy up all the property people are losing in disasters and financial crises. Welcome to renter hell, peons.