3 ms·
At this moment central banks worldwide are increasing interest rates to slow down economies and fight inflation caused by money printing during COVID (different
by pid-1 4y ago
At this moment central banks worldwide are increasing interest rates to slow down economies and fight inflation caused by money printing during COVID (different countries might be in different parts of their tightening cycles tho).
As a company, if you believe there will be less economic activity in the future, you must cut costs to ensure survival.
Of course one could bet central banks will fail, but historically this sort of bet has held nothing but pain and suffering.