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There seems to be a fair bit of "demand destruction" here in the USA. Hard for me to tell if its from our 2.25%ish overnight interest rates, or if it is due to
by dragontamer 4y ago
There seems to be a fair bit of "demand destruction" here in the USA. Hard for me to tell if its from our 2.25%ish overnight interest rates, or if it is due to inflation.
Either way, the September 20th meeting is currently expected to be +.75% by the bond futures market. So I think we're gonna catch up to you sooner, rather than later.
- onlyrealcuzzo 4y ago"Demand destruction" is one way to look at it. The other is that artificially low interest rates synthesized demand, and this is a normalization.
- dragontamer 4y agoI mean, whatever it is, there's fewer people buying things. (or many people buying fewer things). So I don't see much point arguing the semantics / precise words used to describe the phenomenon.