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I thought Cathy said FED is wrong and inflation may have been peaked :/. She may have been right for the first part "FED is wrong", but for the different reason
by mirzap 4y ago
I thought Cathy said FED is wrong and inflation may have been peaked :/. She may have been right for the first part "FED is wrong", but for the different reasons - not to tame inflation more aggressively.
- dragontamer 4y agoThe growth companies that she invests into cannot take this rising interest rate environment. So she's loudly complaining about deflation to hope that the Fed cuts her (and her investment choices) some slack. Alas, the average American needs to deal with inflation more than the billionaire class needs to feel good about their bets. Don't get me wrong, my stocks and bonds also hate this rising interest rate environment. But I'm also enough of a citizen to see what must be done to tame inflation: more rate hikes and possibly at an even faster pace than originally expected.