Looks like they need a BIGGER boat.
Structural debasement of fiat. Raising rates = raises the cost of money and borrowing. Now they need more of the "higher cost" money to pay for the higher costs. 🔁
Looks like they need a BIGGER boat.
Structural debasement of fiat. Raising rates = raises the cost of money and borrowing. Now they need more of the "higher cost" money to pay for the higher costs. 🔁