I see people mansplating macro all over the place. Yet I haven't seen anyone comparing the current circus with the previous one like this.
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1987 Economic growth had slowed while inflation was rearing its head. Greenspan hurried to slash interest rates.
2022 In response to the inflation surge, the Federal Reserve rapidly raised interest rates.
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It just ate 2 months. Seems like we are going to have an interesting 2024/2025. If the top giga mega turbo world economists say we are going to have it soft after they start dropping the interest rates. Be careful when entering the markets as we could well have 2008 all over again.