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Yeah it will set off a major financial correction and temporary crisis in the markets, but the alternative, letting the status quo of negative interest rates dr
by pphysch 5y ago
Yeah it will set off a major financial correction and temporary crisis in the markets, but the alternative, letting the status quo of negative interest rates drive further inflation, will lead to a historic economic crisis. SME failures and a general breakdown of social order.
Worst case scenario, they wait too long to raise rates and only do it as a knee-jerk reaction to an unfolding economic crisis that threatens to destabilize the entire USA. Then we get a full-spectrum crisis.