CryptoCross-TalkClub
To be honest, there's really no point in still watching the data with a 2% inflation target.
Why? Because the big cycle has changed. The old economic model propped up by global supply chains and cheap labor has long stopped working. Now we're facing structural inflation brought on by industrial restructuring—do you really expect the central bank to just tweak interest rates and push inflation back down? Wishful thinking. The water level has risen, and it won't recede on its own—it's like turning your faucet on full blast; what's the point of just staring at the water meter?
Interest rates can
View OriginalWhy? Because the big cycle has changed. The old economic model propped up by global supply chains and cheap labor has long stopped working. Now we're facing structural inflation brought on by industrial restructuring—do you really expect the central bank to just tweak interest rates and push inflation back down? Wishful thinking. The water level has risen, and it won't recede on its own—it's like turning your faucet on full blast; what's the point of just staring at the water meter?
Interest rates can
