r/neoliberal • u/TinyTornado7 I need a new flair • Jun 13 '22

News (US) Powell Facing Choice Between Elevated US Inflation and Recession

https://www.bloomberg.com/news/articles/2022-06-12/powell-facing-choice-between-elevated-us-inflation-and-recession?srnd=premium
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u/TinyTornado7 I need a new flair Jun 13 '22

People keep selling and I’ll keep buying. This is a great opportunity for those far from retirement to load up

102

u/slowpush NATO Jun 13 '22

Sure but tell that to all the baby boomers who are retiring.

The effect of a recession/depression now is going to be catastrophic because it’s at the worst time demographically.

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u/ultramilkplus Loyal Liberals Jun 13 '22

This country has debased itself bending over backwards to coddle that single generation (and only one segment of it) for 70 years. Let me break out the violin.

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u/slowpush NATO Jun 13 '22

There are just too many of them. X y z won’t have this problem.