Fed hikes rates to highest since dot-com bubble. The central bank’s key overnight rate will rise to a range of 5.25% to 5.5%. That is higher than it has been in decades.
(www.washingtonexaminer.com)
🤑 MONEY COLLAPSE 💥
Here is the thing. Interest rates were higher in the 80s and 90s and the economy for the most part in those two decades did fine with historically low inflation, sometimes deflation as we saw in the last half of the 90s.
So what is the issue? Its all the free money and deficit spending since September 11, 2001.
That's my story and I'm sticking to it.