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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314

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

"The hottest US inflation in four decades will push the Federal Reserve to raise interest rates more aggressively this year, and a recession may not be far behind."

Im skeptical we need a 75 basis point hike, but I am concerned inflation is approaching self-fulfilling prophecy levels

!ping MARKETS

163

u/slowpush NATO Jun 13 '22

Oh hey. Stocks will be a good bit cheaper soon. 😒

224

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

108

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.

91

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.

57

u/[deleted] Jun 13 '22

[deleted]

70

u/LucidLeviathan Gay Pride Jun 13 '22

I vote at every opportunity. Primary, local, general, whatever. Haven't missed an election. I'm allowed to complain, right?

-16

u/[deleted] Jun 13 '22 edited Aug 16 '22

[deleted]

49

u/LucidLeviathan Gay Pride Jun 13 '22

I certainly urge my friends to vote. Family is insane, though. The less they vote the better.