Imagine living on a monetary garbage standard where a bunch of (non-democratically elected) officials vote on the price of currency, open the door to insider trading, and destroy the financial lives of millions of families in every boom-bust cycle they cause by helping their political buddies monetize skyrocketing government debt at the expense of our purchasing power. No one would accept that ... no one ... wouldn't they?
For 2024 it's save to say that they will lower the price of what they call ''money'' in logstep as recession is rising its head anywhere.
We'll see. My prediction had been that they would remain too concerned about price inflation to dramatically cut rates. However, the fact that we've had prolonged monetary deflation for several months in a row now, has me rethinking that prediction.
reply
That's what I see too
reply