Saturday, August 29, 2015

Because Reasons

I don't think minor rate hikes will destroy the economy, but it says a lot about our rulers that contrary to their own stated criteria they might just have to raise rates because serious. 2% is supposed to be the inflation target. We never go above it. Ok, so it's actually a ceiling. And we never hit it. So raise rates anyway so people on CNBC will say nice things about us? Until the stock market crashes at which point they'll say mean things. It's all so confusing.