Tuesday, August 23, 2022 11:39:52 PM
I believe earnings have been mostly good news. But that said, I don't think the Feds can curve inflation by raising rates. They may be able to send us into recession which could work ... because you'll decrees demand in time of week supplies. But that doesn't cure the supply side issues and that is what is truely needed. This is supply side so should look at supply side fixes vice inhibiting demand side.. we don't have an overheated ecconomy dictating raising interest rates to cool it.
I agree that interest rates were too low for too long but the pause in rates should be restarted in a hot economy -- raiseing rates doesn't spark strong economic activity -- it does opposite! World ecconomy is hurting -- raising rates is opposite to what is needed. What is needed is fixing the supply side issues -- not doing that!
I'm not a financial advisor, THEREFOR, do not make any decisions, financial, investment or otherwise, based on any of the information, presented in any of my messages, WITHOUT undertaking independent due diligence and/or consulting a financial advisor.
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