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Sunday, May 15, 2022 8:17:51 PM
We lower interest rates not long ago to almost "O" to keep the economy solvent (Covid issues driving a stake through our economically hearts ... mostly).
And now the "manta speak" is the need to raise interest rates higher and higher to slow down "inflation".
(Of course the FED would never admit that 'inflation' should REALLY be called "GREED"
So my question to Mr. FED and team IS: "If lower interest rates didn't work, what assurance do we have that HIGHER interest rates are going to be the "magic bullet" of bailing out our "strained" economy?
The reason for global warming is because hell is getting hotter.
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