Stories of interest rate cycles ignore the end of the gold standard. Lions suspect the gold standard was gradually phased out from 1976-2006 instead of suddenly ending. Attitudes shifted gradually instead of suddenly for 30 years.
That caused the interest rate spike after 1976. The decline of interest rates since then represented the waning influence of the gold standard & not the downward half of a repeating cycle. The end game for fiat money is perpetually zero or negative yields.
In the mean time, the latest CPI report boxed in even their mightiest attempts to do nothing. They'll have to raise the rate .25% next week. Delayed trades from today will make it a super monday.
How will the shift from the doll hair to a new digital currency solve the problem? Lions suspect any digital coin is going to be issued for twice the price in doll hairs of its official exchange rate. If the exchange rate is 1000 doll hairs per digital coin, it'll cost 2000 doll hairs to buy a digital coin or some number of doll hairs much larger than the exchange rate. It'll have the appearance of causing deflation, turning 2000 doll hairs into 1000 doll hairs.
From 10 to 8.5 oz in 30 years. The amazing abundance is blinding.The amazing abundance will continue until morale improves. Calling the AI era an era of amazing abundance was the dumbest move. It definitely did not create any abundance.
Dead malls aren't much fun.




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