kashirin

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  • A Fed Rate Hike Won't Solve the Current Crisis
    the article has the right idea - less import but solutions is wrong
    low interest rates is a disaster

    consumer must stop consuming to improve trade balance and this can be achieved or through dollar devaluation or through higher interest rates
    both ways include deep recession
    higher interest rates are healthier long term for the economy
    but as US government doesn't want - dollar devaluation will happen
    Jul 24 11:05 am |Rating: 0 0 |Link to Comment |View article

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