2 ms·
There's 'Eat the rich' in the sense of 'They are taking way too much of the pie for themselves', which is a perfectly reasonable conversation to have. And ther
by vkou 4y ago
There's 'Eat the rich' in the sense of 'They are taking way too much of the pie for themselves', which is a perfectly reasonable conversation to have.
And there's this sense of 'Eat the rich', which is trying to find a scapegoat for a... Company whose operations depended on access to cheap credit is laying people off... In an environment where the Fed is actively trying to create unemployment, by raising the cost of credit.
- A4ET8a8uTh0 4y agoTo Powell's credit, after the initial pushback, he toned that rhetoric down a little so that it is now a lot more benign. And, it seems for now, rates will not be raised as rapidly. I guess only time will tell.