Today's fed meeting is where it all goes downhill

They're officially reducing the $4.5T balance sheet (likely much higher unofficially), starting at $10B a month. This balance sheet was built up in order to prop up the economy, and somehow they think winding it down won't crush us. Let's see how this plays out.

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Picklebobble2 · 56-60, M

I suspect it's a move to try and encourage business to invest.
If the bank can spin it so it looks like a positive move it might just encourage business to spend.
But the longer this flatline continues, sooner or later it'll head south !
Then we're all in trouble.

patkaren1717 · 36-40, M

10B a month is nothing. calm down.

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Invisible · 26-30, M

@patkaren1717 Yes, and it's going to get even worse than it usually is

patkaren1717 · 36-40, M

@Invisible correct.

patkaren1717 · 36-40, M

@Invisible You will need a bag full of money to buy a loaf of bread.

SW-User

well inflation is crushing us anyways

Invisible · 26-30, M

@SW-User And the only positive was riding asset prices. Let's see what happens when even that goes. My bet is that they'll reverse this and lower interest rates to zero again as soon as they realize what kind of mess they're making.

SW-User

lol thats kind of how things usually goes.. they muck something up then have to try to fix it.

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