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Reply to "Does anyone else feel like we are the precipice of economic calamity? "
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[quote=Anonymous][quote=Anonymous][quote=Anonymous]Do you have access to marijuana? You really need to chill. Higher interest rates are designed to depress demand which will depress inflation as demand lessens. Econ 101[/quote] No one questions that. The cost increasingly appears to be a recession. It is looking ugly. China appears to be slowing down big time. Europe is about to look like it is going to go up in smoke. Add in shocks to food, energy, and currencies due to the face ripping dollar, and this could get very ugly very fast. The US won't be insulated when Europe and China have problems at the same time and energy markets and food prices explode due to so much instability and terrible weather plaguing the planet right now. [/quote] The key will be the unemployment rate. [/quote]
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