Comment by mono442

20 days ago

For me, it seems like a logical consequence of overheating the economy by cutting interest rates to zero during the COVID period.

10 comments

mono442

Reply
duxup  20 days ago

I recall similar predictions from stimulus from the mortgage crisis. Things did not seem to play out predictably, I'm not sure all the old rules are as hard and fast anymore as people think.

jaybrendansmith  20 days ago

You are off by several years on the interest rates, which have an 18-24 month impact. Also we have this idiotic and unlawful tariff war the US administration is currently perpetrating. But I'm certain AI is having a huge impact as well.

  • ghaff  20 days ago

    I'm unconvinced of the AI impact outside of the tech sector. But there's certainly a lot of uncertainty generally. Probably more senior people with reputations are in a better position but likely tougher for people with no records.

    • duxup  20 days ago

      I agree generally as far as immediate losses. But I think longer term with AI soaking up a lot of investment dollars we see other places not seeing investment or hiring growth.

scoofy  20 days ago

So, we're just doing whatever it takes to blame the Democratic Party, huh?

Cutting interest rates during a period of time when people were literally locked in their homes waiting for a vaccine to be manufactured? I mean, yea, there were mistakes made, and the PPP and Biden stimulus were very obviously bad decisions, but pretending that tariffs and literally threatening allies has nothing to do with this economy is just lunacy. Just look at what's happening to the American tourism sector. It's falling apart.

I'm a liberal guy, but this take is ridiculous.