Re:Reasons the banking crisis isn’t a repeat of 2008
by vkou on Friday March 24, 2023 @05:58PM
(#35296227)
> The fed has avoided the latter by bailing out the banks again so expect double digit inflation for the next decade.
How on Earth is providing short-term liquidity[1] until the long-term low-yield bonds owned by those banks mature translates into double-digit inflation?
And why should we listen to this [2] prediction of double-digit inflation?
[1] At least in the US. Switzerland is doing its own thing with the UBS/CS merger, good luck to those folks, that sounds like a fun garbage dump to dig through.
[2] Similar comments predicted 15 of the past ~1 years of double-digit inflation.
How on Earth is providing short-term liquidity[1] until the long-term low-yield bonds owned by those banks mature translates into double-digit inflation?
And why should we listen to this [2] prediction of double-digit inflation?
[1] At least in the US. Switzerland is doing its own thing with the UBS/CS merger, good luck to those folks, that sounds like a fun garbage dump to dig through.
[2] Similar comments predicted 15 of the past ~1 years of double-digit inflation.