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Agreed. The Fed is racing to raise rates so they have something to cut when the economy turns south. We can also blame the politicians who cut taxes in the lon
by thoughtstheseus 4y ago
Agreed. The Fed is racing to raise rates so they have something to cut when the economy turns south.
We can also blame the politicians who cut taxes in the longest, largest bull market for financial assets in history.
- rnk 4y agoAt the time, every commentator not in Congress or the Republican party said it was a bad choice to stimulate the economy with a sugar-high unneeded stimulus. But once that's in the system, correcting it hurts the next guy in charge, thus we don't get anywhere till we hit a crisis point.