01-13-2022, 06:31 AM
Sell or don’t sell. But if you actually think the fed is gonna reign in inflation
<!-- SC_OFF --><div class="md"><p>In the 1970’s, when the economy was much stronger. The trade deficit was a trade surplus, government debt was only 300b, and the market had healthy 5% interest rates, we STILL had to raise interest rates to 20% to reign in inflation. </p> <p>Twenty percent. 20x higher than what is currently projected. </p> <p>That’s like saying if someone can survive off a 2000 calorie diet they can survive off a 100 calorie diet. It’s like saying that because a $60,000 a year salary is livable so is a $3,000 a year salary. 20x is such an absurdly large difference and 1% interest rates are so absurdly small</p> <p>Sell if you think other people will sell and you want to front run. But if you actually think in your mind the fed is gonna reign in inflation with 1% interest rates you are a genuine idiot</p> </div><!-- SC_ON --> submitted by <a href="https://www.reddit.com/user/Wall_street_retard"> /u/Wall_street_retard </a> <br/> <span><a href="https://www.reddit.com/r/CryptoCurrency/comments/s2bi1h/sell_or_dont_sell_but_if_you_actually_think_the/">[link]</a></span> <span><a href="https://www.reddit.com/r/CryptoCurrency/comments/s2bi1h/sell_or_dont_sell_but_if_you_actually_think_the/">[comments]</a></span>Kind Regards R
<!-- SC_OFF --><div class="md"><p>In the 1970’s, when the economy was much stronger. The trade deficit was a trade surplus, government debt was only 300b, and the market had healthy 5% interest rates, we STILL had to raise interest rates to 20% to reign in inflation. </p> <p>Twenty percent. 20x higher than what is currently projected. </p> <p>That’s like saying if someone can survive off a 2000 calorie diet they can survive off a 100 calorie diet. It’s like saying that because a $60,000 a year salary is livable so is a $3,000 a year salary. 20x is such an absurdly large difference and 1% interest rates are so absurdly small</p> <p>Sell if you think other people will sell and you want to front run. But if you actually think in your mind the fed is gonna reign in inflation with 1% interest rates you are a genuine idiot</p> </div><!-- SC_ON --> submitted by <a href="https://www.reddit.com/user/Wall_street_retard"> /u/Wall_street_retard </a> <br/> <span><a href="https://www.reddit.com/r/CryptoCurrency/comments/s2bi1h/sell_or_dont_sell_but_if_you_actually_think_the/">[link]</a></span> <span><a href="https://www.reddit.com/r/CryptoCurrency/comments/s2bi1h/sell_or_dont_sell_but_if_you_actually_think_the/">[comments]</a></span>Kind Regards R