Well, the Wolf of Wall Street is calling for a sharp rise in interest rates in the USA as he argues that slow gradual rises do more damage than a quick shock.
I'm leaning toward this strategy now as slowly boiling people doesn't make them jump out of the pot whereas a quick climb will see them sell property asap instead of the bank strangling, then foreclosing. Maybe this is wrong but I trust Burry and The Wolf as they see the big picture.
Will the Fed listen or will they keep the gradual strangulation going?
Yeah, I think they'll keep slowly hiking up interest rates... which means Aus will follow.
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Biden went to Saudi to beg for oil (even though there's 40 years crude in Alaska alone) and while he is on his knees over there, governor Newsome went and visited the Whitehouse which has more people speculating that Newsome is going to run on the Dem ticket in 2024. Newsome economics in California are every bit as bad as Bidenflation. He's hardly the savior the Dem's are looking for.
They're going to be wiped out because the whole US economy is suffering under socialist ideology.
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I bought a camera with Zip money yesterday. Ebay had a 10% off sale. I'm going to pay it back in less than 3 months though, even though zip has set repayments over 4 months. Sorry zip but this suits me.
SALE means it was cheaper + repay before more charges kick in = healthier for my wallet.
Yeah, I'm not the customer zip needs.![]()
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Well, the Wolf of Wall Street is calling for a sharp rise in...
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