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Fed hikes rates as inflation worries push up bond yields

184 points · 250 comments · wslh

dabinat · 1789588567 · focus · HN ↗
Prediction: this causes a recession in two years, right after a Democrat wins the White House, who will be blamed for it. The economy will turn around after a few years, just in time for a Republican to win and claim they fixed it.
This is how Republicans have a reputation for being economically savvy despite actual evidence to the contrary, because the general population doesn’t understand that economics runs on a time delay.
1. seanmcdirmid · 1789590179 · focus · HN ↗
  No, this will probably fall apart before Trump is out of office and a Democrat will be expected to clean up his mess again.
  1. tmountain · 1789649233 · focus · HN ↗
    It’s optimistic to assume that a Democrat will be permitted to hold the office of the President. It came down to Mike Pence last time, and things have changed a lot since then.

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