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>"Maintaining employment is necessary for long-term societal stability, maintaining Goldman Sachs is not." The central banks rely on investment banks and other
by nickff 5y ago
>"Maintaining employment is necessary for long-term societal stability, maintaining Goldman Sachs is not."
The central banks rely on investment banks and other large institution to translate the low overnight rates into reduced commercial and consumer rates. The low interest rate, high inflation rate policies are extremely beneficial to the Goldmans of the world.
- oivey 5y agoThe low interest rate is beneficial to Goldman Sachs, but the high inflation rate is not. They are an investment bank that holds assets, and those assets are devalued by inflation. The the interest rate and inflation may have some correlation, but the last 15+ years have shown the correlation isn’t all that strong.