![My local small town bank manager told me this morning that there has been a massive shift in the number of accounts on thin ice, people kiting checks, people seeking short term loans, and accounts overdrawn. She said in 22 years she has never seen it like this. [1024x984 - 128KB]](https://pic8.co/sh/mmay6Z.jpg){kind=link}
Yeah, it start's that way but it does a 180 if they stop printing money, (by raising interest rates,) where as it goes into Weimar wheel barrel hyper inflation if they keep printing more money, (aka Zimbabwe.)
They fear the hyper inflation more than the deflationary depression. Current economic wisdom says crush the inflation at all costs, so I expect rate increases to continue.
Yeah, it start's that way but it does a 180 if they stop printing money, (by raising interest rates,) where as it goes into Weimar wheel barrel hyper inflation if they keep printing more money, (aka Zimbabwe.)
They fear the hyper inflation more than the deflationary depression. Current economic wisdom says crush the inflation at all costs, so I expect rate increases to continue.
(post is archived)