Submitted by sped_izzo t3_11psz8h in wallstreetbets
With the fed now trying to prevent a "systemic failure" of the banks, they will be printing out even more money to make the depositors of the failed banks whole, and also slow down in the rate hike increases.
All this bullshit we dealt with for the last year with the rate hikes, and all it will lead to is actually even higher inflation because of the weak hand of the fed.
It is THEIR fault that they were slow in acting on inflation. Remember, "inflation is transitory?"
THEN, they say they will remain aggressive in their goal in fighting inflation... and whenever there are any signs of kinks in the armor of the economy due to the rate hikes, they back track! Well no shit sherlock, what do you think will happen? This fantasy "soft landing" won't happen. You either fight inflation, or you just let inflation run rampant. This attempt at a soft landing is actually going to make us worse off.
So now the middle class will be getting layed off while the prices of shit gets even higher and the wealthy have even more money to throw around. Thanks J Pow!!!
May the bulls take over once again. You can see the speculative asset markets already getting green dildos.
God bless America!~