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by lamontcg
1329 days ago
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Yeah, I'm not so sure the Great Asset Bubble (1982-2022) was any better. Keeping inflation low keeps long rates low which keeps money cheap which blows up asset bubbles. We probably need closer to a 5% inflation target than a 2% inflation target. But very likely what will happen next is a massive recession and the Fed will once again cut rates to zero. |
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