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RE: The US Federal Reserve Hikes Rates. What This Means for Forex and Crypto Markets
They are finally doing what they should have done a long time ago, we need the higher interest rates in the U.S. to encourage savers. All of the cheap money that people took over the last 2 decades or longer has contributed (along with continuous imperial conquests) to the destruction of the country and decline in manufactured products. Tariffs though, prove those in charge are still inept in grasping economic law.
Yeah but can the Economy handle the higher rates? That’s my concern. With the IS leading global policy, you’ll have an effect on Australia too and I don’t even think we can handle them.
If shit hits the fan, and this trade war bullshit could well be the straw that broke the camel’s back, then crypto is poised to capitalise.
It could potentially be the final straw, no doubt. However, by prolonging the agony they're doing everyone a major disservice and a much steeper and worse correction will occur later. Like hyperinflation and bread lines. If the economy is already sick, we can't keep giving it the same exacts drugs that have made it sick, we need to detox the economy just like a drug user needs to detox. The detox is raising rates and stopping the printing and inflation.