Quote:
Originally Posted by chemgear
But what is a cut really going to do? Structurally, so much of this is supply issues with China being on lockdown and the demand drop there too. It's spreading across the world and people are deciding to stay at home and companies are getting supply chain backed up and closing down events.
Nobody that is staying inside and not buying stuff is going to look at a rate cut and changing their mind because of it.
Maybe it gives companies more ability to borrow to pay people to last longer if they're in trouble though? I'm not sure.
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Oh I don't think will do a thing except exacerbate the kind of issues cheap debt has created in the long term, we were due this correction long before the first infected bat got eaten.