Housing Bubble 2: Return of the Ugly

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Powell says Fed has made 'quite a bit of progress' on inflation but needs more confidence before cutting (www.cnbc.com)

submitted 1 month ago by [email protected] to c/[email protected]

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[–] [email protected] 4 points 1 month ago (2 children)

Yeah, historians are going to look back at this time period and realize it was a depression.

[–] [email protected] 21 points 1 month ago (1 children)

We don't need lower interest rates, we need businesses to pay their employees. We need price controls on medical care and housing. We need legislation. Laws, not free money for banks.

[–] [email protected] 7 points 1 month ago

Yeah, any reduction in greedflation was because consumers simply cannot pay those prices. Nothing to do with the interest rates.

[–] [email protected] 1 points 1 month ago

If we even have historians in the future.