onlyrealcuzzo
onlyrealcuzzo t1_j9tuvil wrote
Reply to comment by DelahDollaBillz in Pimco-Owned Office Landlord Defaults on $1.7 Billion Mortgage by downboat
Yeah, but the Fed has been in the business of socializing losses and guaranteeing returns for like 23 years.
So I'm skeptical that's going to change.
onlyrealcuzzo t1_j1w7bz3 wrote
Reply to comment by zer165 in Why Interest Rates Should Stay High (ish). by ThetaGangThroweway
Sure it can.
Ask Zimbabwe.
Print a Bajillion dollars => hyper inflation => 1000% interest rates
onlyrealcuzzo t1_ixyne05 wrote
Reply to comment by Advanced-Ad-5693 in Entrenched food inflation for years to come. by Doyoufeelme101
Also - food prices only make up 15% of CPI.
Food prices can go up 10% - if oil goes down 10% - it cancels itself out.
Food prices can go up 10% - if "owners equivalent rent" drop by 2% - it cancels itself out.
onlyrealcuzzo t1_j9tv229 wrote
Reply to comment by liverpoolFCnut in Pimco-Owned Office Landlord Defaults on $1.7 Billion Mortgage by downboat
They don't want you having a nice life.
They want you making money for other people, spending everything you earn (and then some), and paying a ton of taxes.