Quote:
Originally Posted by Rutuu
I love the daily updates in here.
...as a point of reference the peak to trough on the '22 drawdown on the Nasdaq was 35%, and that was all the Fed hikes to stamp out inflation.
A lot of folks thought the culprit for inflation was the size of the federal deficit. The US was starting to hit its speed limit for debt issuance as the coverage ratios at the treasury auctions were decreasing to worrying levels.
Cutting govt spending is their idea to drive down inflation. Tariff inflation is considered a one off, and the Fed has lots of altitude to cut rates from the latest hiking cycle.
I'm not saying it's right.  |
How does that explain every other country also experiencing excessive inflation? The answer is simple, it was the pandemic. I don't know why people keep hunting for things to blame that inflation wave on.