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> And I was thinking... "I'm not sure 'destroying the banks' is a metric the fed tracks. Unemployment and inflation are." It's interesting you say that. Puttin
by kneebonian 4y ago
> And I was thinking... "I'm not sure 'destroying the banks' is a metric the fed tracks. Unemployment and inflation are."
It's interesting you say that. Putting on my tinfoil hat for a second.
People who have been making their fortunes on easy access to capital, VCs and the tech sector, are now mad that the rates are going up and it is starting to kill their golden gooses. Since the fed isn't listening to them they are going to force the Fed to listen to them by laying people off to increase unemployement and will continue to do so until the Fed relents to their demands.
- sangnoir 4y ago> Since the fed isn't listening to them they are going to force the Fed to listen to them by laying people off to increase unemployement and will continue to do so until the Fed relents to their demands. That would be threatening the Fed with a good time! The Fed has lower consumer demand as a target metric, and laying people of is one way to achieve that goal (roughly speaking).