This whole interest rate hike exercise and its obvious effects on various markets has really made the economy seem fake to me. How can one government committee have so much arbitrary decision making power over how hundreds of millions conduct business in this country? It’s extremely demotivating.
This whole interest rate cutting exercise and its obvious effects on various markets also really made the economy seem fake .... The period of 10 years where rates were 0%+/- with 2-3++% inflation was the fake economy 5% rates with 5% inflation is the real world.
Yes agreed, I don’t mean to suggest that “high rates bad, high rates fake”. The manipulation makes the economy (seem?) fake either way. With the low rates though IIRC things didn’t happen quite so fast, so the causality wasn’t so blatantly observable.