They took another step closer to 0 interest rate today, and then signal "pause." Hmm. As you approach 0, what else can you do but pause?
So, interest rates drop, punishing savers, and the IRS starts sending out inflationary "free money" checks to everyone, which also punishes savers....spend it all, boys. The government's going to inflate our debts away.
Thank God our debt is denominated in our own currency. Thank God that all those countries selling us shit we don't need for money we don't have, keep buying our debt. |