Hellacious

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    • Wed Feb 27th 10:48 AM | Rating: 0 0
      Commented on:
      Just Another Credit Crunch?
      The Fed is sacrificing not just savers, the responsible investors, but also business, the real economy, with its rate cuts and resulting inflation. It is doing this mainly to protect asset prices for irresponsible investors.

      Inflation is bad for businesses, some more than others. If a business can't recover its increasing costs, it has to cut back, and that means layoffs.

      Look for massive layoffs soon - a key effect of the interest rate cuts. Unemployment: always the main show in a bad recession.
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