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Old 10-10-2018, 02:45 PM   #21
DJ's left nut DJ's left nut is offline
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Quote:
Originally Posted by ChiefsCountry View Post
Meh. Interest rates going up caused the stock market to sell off today. No biggie in the scheme of things.
And if interest rates didn't start to get back up with us reaching near full employment, the inflationary impact would've been brutal.

Now inflation is great news for the nuts on the left; it devalues wealth in the hands of the evil upper class while simultaneously pushing up minimum wages in the majority of states that now have CPI inflators. Inflation's a great thing for them because, well, they're stupid.

But for everyone else, they know that you can't just keep it in the red line without blowing the engine. There has to be a bit of a governor here to avoid serious inflationary shock.

Pretty much 'Macro-economics 101' shit here but there's no real surprise that Oaklandhater whiffs on it.
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