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I'd rather say the market has issues thanks to inflation caused by the Russian invasion of Ukraine and the resulting interest rate hikes. "Luxuries" like TVs an
by mschuster91 3y ago
I'd rather say the market has issues thanks to inflation caused by the Russian invasion of Ukraine and the resulting interest rate hikes. "Luxuries" like TVs and phones are where people save the most when their economic future is uncertain.
- smcin 3y agoStop trying to blame things on Russia-Ukraine: high inflation was always foreseeable as the end of a decade of artificially low US interest rates; here's nytimes.com from 4/26/2018 "The Era of Very Low Inflation and Interest Rates May Be Near an End" https://news.ycombinator.com/item?id=16934387 https://news.ycombinator.com/item?id=16934387
- mschuster91 3y agoThe R-U invasion was undeniably the event that set off the explosive rate hike that was enacted as a counter towards the exploding inflation which was directly caused by the invasion skyrocketing electricity and gas prices.
- smcin 3y agoYou know that inflation exploded back in early 2021, already.