When I was younger, I used to be able to dunk a basketball.
Jerome Powell just admitted that he was baffled that inflation has not come down. According to the Labor Department, wholesale prices increased by .5% from March 2024 to April 2024.
According to all the “experts,” who for some reason have all drunk from the same bucket of hallucinogenic Kool Aid, the purpose of raising interest rates is to make borrowing more expensive, which is designed to slow consumer spending and business investment, lowering demand and thereby bringing prices down. They use the pejorative “overheated” to describe the economy.
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