The truth is it never should've been allowed to balloon like it did, along with all assets. Interest rates should've gone up and stayed up 7-8 years ago. That's not to mention all the "stimulus $ which of course contributed.
Saw a sign at Buc Es or whatever it’s called, giant gas station, in South Carolina starting at $22/hr. I’m a programmer but that’s getting close to the point where I say fuck the salary job and start working hourly
stock market went up because of near zero interest rates.
now the Fed is raising interest rates so it's going down.
The number one driver of the stock market is Fed policy. It's a joke.
And they're not raising interest rates enough to actually combat inflation - only enough to bring down asset prices - so middle class people with their 401ks and savings accounts get double fucked.
It's almost like the specifically designed this policy to screw over the middle class.
The truth is it never should've been allowed to balloon like it did, along with all assets. Interest rates should've gone up and stayed up 7-8 years ago. That's not to mention all the "stimulus $ which of course contributed.
All that PPP free money plus unemployment claims rubber stamped. But hey at least fast food chains have to pay $15/hr to the Bernie supporters!
Saw a sign at Buc Es or whatever it’s called, giant gas station, in South Carolina starting at $22/hr. I’m a programmer but that’s getting close to the point where I say fuck the salary job and start working hourly
I moonlight behind the Wendys dumpster.
15?? Try 17+ Fren
Only 17? But that's not nearly enough compensation for someone who gets fast food orders wrong on a regular basis!
This guy knows things ^^^
stock market went up because of near zero interest rates.
now the Fed is raising interest rates so it's going down.
The number one driver of the stock market is Fed policy. It's a joke.
And they're not raising interest rates enough to actually combat inflation - only enough to bring down asset prices - so middle class people with their 401ks and savings accounts get double fucked.
It's almost like the specifically designed this policy to screw over the middle class.