Yes to try and get inflation under control

Arguably inflation is waaay more dangerous over a prolonged period of time than a recession, which is usually short lived albeit painful.
The Federal Reserve in the US have grabbed the bill by the horns to kill inflation in the short term by rapidly hiking rates.
The Bank of England has dithered, ultimately they will also have to hike rates.
If you haven’t already fixed your mortgage it makes sense to look into doing so as rates may rise far higher than people are currently prepared!

Posted By: JoeyDeacon on July 28th 2022 at 15:54:19

Message Thread

USA in a recession (General Chat) - Ratbox, Jul 28, 15:14:29
- TBF I don't feel any different. (n/m) (General Chat) - usacanary, Jul 28, 17:51:30
  - It will take a while for it to reach Buttfuck, Iowa. (General Chat) - ChengdeCanary, Jul 28, 19:28:04
- "When it comes crashing down and it hurts inside..." (n/m) (General Chat) - inutero, Jul 28, 16:14:16
- Let’s go Brandon (n/m) (General Chat) - Wrath analytica, Jul 28, 15:54:35
  - Big orange man's fault.... (n/m) (General Chat) - ParrotPuncher, Jul 28, 15:55:47
    - And brexit! (n/m) (General Chat) - Wrath analytica, Jul 28, 16:15:38
      - Global warming (n/m) (General Chat) - ParrotPuncher, Jul 28, 16:52:55
- Didn't the Fed raise rates by 75 basis points a couple of days ago? (n/m) (General Chat) - Timmy_Goat, Jul 28, 15:22:05
  - America is screwed (General Chat) - ParrotPuncher, Jul 28, 17:09:05
    - Is it? (General Chat) - usacanary, Jul 28, 17:52:35
      - Yes it is (General Chat) - ParrotPuncher, Jul 28, 21:23:05
  - Yes to try and get inflation under control (General Chat) - JoeyDeacon, Jul 28, 15:54:19
    - I understand that. (General Chat) - Timmy_Goat, Jul 28, 16:29:00
      - Even the experts don’t know! (General Chat) - JoeyDeacon, Jul 28, 16:33:49
    - The inflation we're seeing now is driven by energy / fuel prices (General Chat) - jamesward, Jul 28, 16:05:05
      - Raising rates is an incredibly blunt tool (General Chat) - JoeyDeacon, Jul 28, 16:13:52
      - yup (General Chat) - CWC, Jul 28, 16:07:53
        
        Wow (General Chat) - ghostof barry butler, Jul 28, 16:27:14
        
        The concern does seem to be about utility prices more than Ukrainians though (General Chat) - MonkeyPuzzle, Jul 28, 16:45:18
        
        He makes a fair point tbh (General Chat) - jamesward, Jul 28, 16:38:26
        
        its still Wow (General Chat) - ghostof barry butler, Jul 28, 16:40:51
        
        want to take your straw men elsewhere? (General Chat) - CWC, Jul 28, 16:56:41
        
        Oh yeah…we forgot the 40” plasma poor (n/m) (General Chat) - MonkeyPuzzle, Jul 28, 17:08:50
        
        those who don't learn from history.. (General Chat) - ghostof barry butler, Jul 28, 17:02:16
        
        He probably doesn’t to be fair GOBB! (General Chat) - MonkeyPuzzle, Jul 28, 17:16:05
        
        The Ukrainians wont give up their country to the invaders (General Chat) - shoddy, Jul 28, 16:10:06
    - *bull* by the horns (n/m) (General Chat) - JoeyDeacon, Jul 28, 15:54:45

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