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Increasing rates is their attempts to bring inflation back to normal, since cheap money is cheap for _everyone_, including all Americans that were eager to get
by judge2020 3y ago
Increasing rates is their attempts to bring inflation back to normal, since cheap money is cheap for _everyone_, including all Americans that were eager to get a low monthly payment on cars/houses (as I’ve alluded to), not just for existing collateral but for new homes/cars, thus increasing total demand - and that demand leading to price increases across the board.
- throwawaymaths 3y ago> Americans that were eager to get a low monthly payment on cars/house You're still describing relatively rich people. Those price increases really hit everyone else hard. Moreover those loans are small fry compared to leveraged investment.