Who thought higher inflation was over? Or that high interest rates would not persist?
Certainly not the Fed, who control rates.
Here comes the next recession!
I'm still pounding the table that inflation will continue to be high.
We print money for wasteful government spending at the expense of all working classes.
Inflation is a tax on everyone.
I've been reading up on the Shanghai update and all this ETH that is about to be unlocked. I've been asked by a lot of people if it is bullish or bearish for ETH price.
Here's my answer:
It doesn't matter. ETH is a shitcoin.
Daly says more rate hikes may not be needed to stop inflation.
Correct.
What is needed to slow inflation is 1) decrease (not increase) of government spending 2) no more bank bailouts, particularly on the Feds balance sheet and 3) and unwinding the Fed balance balance sheet
Oh yeah, and I'm bullish bitcoin