For the past decade or a little longer the cost of 💰 has been dirt cheap. Companies such as Amazon and Tesla were able to to borrow either through banks 🏦 or the selling of businesses bonds. The cost has been pennies. Now the know it all are demanding that the federal reserve raise rates. Whoa is me if one 🤔 thinks that inflation is high now what do you think 🤔 will happen when these companies have to raise their prices to keep up with the cost 💲 of money 💰. Will some major companies go under? There by having fewer items. Will the cost 💲 to consumers who buy on credit make stuff unaffordable to them. Will buying a house 🏡 be out of range for many because the mortgage 💸 is too high. Maybe 🤔 eventually the cost 💲 of housing will come down but the real cost will be too high for many to buy. Demand is always there. I haven’t seen any greater increase in demand, what I am seeing 👀 lack of goods. Now if one ☝️ thinks that having the cost of money 💰 rise will bring inflation under control I have to question you intelligence.
Those who want the federal reserve to raise interest rates may not realize the consequences. America 🇺🇸 maybe 🤔 in-for a worse economic crisis that would put the Great Depression to shame.
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