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2018/2019 Bear Market
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<blockquote data-quote="edlefou" data-source="post: 1231241" data-attributes="member: 5237"><p>This isn't Volcker having the balls to push interest rates into the stratosphere in the 70s to get runaway inflation under control.</p><p></p><p>The Fed's monetary policy is supposed to adjust interest rates in order to keep inflation under control, provide liquidity, and keep the economy from overheating.</p><p></p><p>This guy decided to jack up interest rates when the current inflation rate is fine and the markets tanked.</p><p></p><p>At best the rate hike was a mistake, at worst it was a politically-motivated move to fuck with Trump.</p></blockquote><p></p>
[QUOTE="edlefou, post: 1231241, member: 5237"] This isn't Volcker having the balls to push interest rates into the stratosphere in the 70s to get runaway inflation under control. The Fed's monetary policy is supposed to adjust interest rates in order to keep inflation under control, provide liquidity, and keep the economy from overheating. This guy decided to jack up interest rates when the current inflation rate is fine and the markets tanked. At best the rate hike was a mistake, at worst it was a politically-motivated move to fuck with Trump. [/QUOTE]
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