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Also fairly unpopular opinion: it's not going to be a financial crisis because of GPT. Yes, the Fed needs to keep rates high to fight inflation, and this would
by credit_guy 4y ago
Also fairly unpopular opinion: it's not going to be a financial crisis because of GPT. Yes, the Fed needs to keep rates high to fight inflation, and this would normally trigger a recession. But GPT bots will increase productivity tremendously in the next few years, so we'll be able to weather the Fed high rates without dipping into recession.