by Initial effect of the increase in the risk free interest rate component of Fed monetary policy to fight Art Degree figure of speech “inflation!” has wiped out over T of wealth in 90 days… Accordingly most people are bearish NOW…The hit to Household Net Worth over the last 2 quarters is beyond even that of the GFC. Reverse Wealth Effect about to work with a vengeance. #Recession #Crisis pic.twitter.com/0lFzY3kVcy— steph pomboy (@spomboy) September 9, 2022
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Initial effect of the increase in the risk free interest rate component of Fed monetary policy to fight Art Degree figure of speech “inflation!” has wiped out over $6T of wealth in 90 days… Accordingly most people are bearish NOW…
The hit to Household Net Worth over the last 2 quarters is beyond even that of the GFC. Reverse Wealth Effect about to work with a vengeance. #Recession #Crisis pic.twitter.com/0lFzY3kVcy
— steph pomboy (@spomboy) September 9, 2022