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US interest rates raised for first time in three years

121 points · 126 comments · higginsniggins

  1. qalmakka · · focus · HN ↗
    This is basically self inflicted, as usual messing up in the Middle East always ends up with consumer paying the price for their ruler's stupidity

    "Oh no, my drinking water tastes like crap after I pooped in the well"

    1. anovikov · · focus · HN ↗
      But unlike in the old days, US wins from higher prices. Even consumers wins (because they make more money on average, and their imported goods are cheaper because balance of payments shifts in US favour because of oil exports).

      Voters are furious because of psychological factor of gas prices (purely psychological, it has nothing to do with economy or people's purchasing power). It bites politician's asses real hard.

      So, Trump undermined himself by launching that war - but others are fine.

      1. rcMgD2BwE72F · · focus · HN ↗
        No, because the US are the slowest to electrify their grid and transportation.
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