3 ms·
It really just comes down to interest rates. The fed tried raising them around 2018 but got spooked. This time around inflation might force them to stick it out
by qqqwerty 5y ago
It really just comes down to interest rates. The fed tried raising them around 2018 but got spooked. This time around inflation might force them to stick it out. In an ideal world, we would have taken our medicine back then and try to slowly unwind things without the pressure of inflation breathing down our necks. But the combination of presidential influence and the pandemic resulted in adding more fuel to the fire.
I have been cash heavy for awhile though, so my alternate prediction is that things go haywire the day after I give up on trying to save and put it all in the market.