Inflatio/rate rises22 Mar 2023 11:09
You could throw a rock in any direction and hit a bunch of eminent economists who think that Powell and Bailey are useless. Reacting too slowly to the looming threat of inflation, and then overreacting, raising rates too high, too quickly. It may help bring down inflation, but on top of everything else, could easily cause a recession. Still, if you're already stinking rich, a recession doesn't really affect you, does it?
Anyway, FED decision not until after COP for us today - BOE not till tomorrow - so we will just have to wait and see how things play out tomorrow. At least the latest banking crisis seems to have abated - for now at least.
Still,, the share price here is fairly flat, and overall, my little portfolio is , surprisingly, slightly ahead. And lets face it, in a world of unrestrained, rampant capitalism and greed, that's all that really matters, right? F*** everyone else.
A little early for a rant, but it helps me feel better, especially as I no longer get to have a good old Covid/lockdown rant, such as I used to enjoy.