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by yenwel
1837 days ago
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the fed already stepped in with money printing before covid was already a thing because of a corporate debt bubble about to burst https://www.forbes.com/sites/pedrodacosta/2019/06/03/feds-po... (a bit like the subprime mortgage bubble but for corporate debt) Those faulty and badly managed companies got even more free money injected and are even more addicted to near zero interest rates because of covid... Now if inflation becomes to high for consumers the feds have to choose between consumers or once again rescueing those companies when setting interest rates. Neither will turn out good |
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