No but I wouldn’t hear it in my present capacity. The hard problem facing all of

No but I wouldn’t hear it in my present capacity.
The hard problem facing all of them is interest rates working thru the system. This isn’t the same problem as nonsense financial instruments. It’s a normal contraction from too much risk expansion. We are seeing the stimulus wear out at the same time inflation and interest rates are rising, and we can see it in the purchasing and container shipments. But we’re not yet seeing it in customer spending or employment. A bunch of us understood the 08 thing was deterministic. We knew this one too. But this time it’s a bit different because it’s not JUST an economic cycle.


Source date (UTC): 2023-03-11 01:10:07 UTC

Original post: https://twitter.com/i/web/status/1634361021648236545

Replying to: https://twitter.com/i/web/status/1634352035729399809

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