Don’t worry, the real economic crisis is just now coming with the Fed planning on raising interest rates next year. That’s been a pretty reliable indicator that shit is about to hit the fan for the last few financial crisis. What we got after the Pandemic was just a little entrée.
I think the Fed said they will start lowering rates, maybe by 1%. But, yeah, this means they think they’ve got inflation under control, and worried about slow growth or decline in 2024-2025. I’ve heard speculation that OPEC may cut oil production to increase inflation before the election in an attempt to make Trump more likely to win, so dunno how the Fed will respond to that, if it happens. Inflation caused by supply shocks could also slow real growth.
3 isn’t so bad when you compare it to everything after it. The way Dumb and Dumberer: When Harry met Lloyd is great when compared to Dumb and Dumber 2, but not with Dumb and Dumber.
Home Alone 2 is worth it for Tim Curry’s other iconic scene (the one aside from “SPACE!”) when he twigs to who “Mr. McCallister” actually is and the light bulb literally goes on above his head.
Haven't watched any of them in a minute, but all I remember from the third and/or fourth was a kid with an RC car, and how it all seemed more like a bootleg version than a sequel.
Re-basing currency. Basically the mint makes “old money” worthless overnight, and “new money” is printed that has value that is more realistic. You get a window to buy new money with old money, and then that’s it. I have no idea how that happens with digital accounting, but would obviously need to be a thing too. Point being: it’s possible for inflation to be so horribly mismanaged that you have to declare a do-over to fix it.
Zimbabwe is the current poster child for this, where trillion-dollar notes were exchanged for single-dollar amounts on their third attempt of re-basing. But other countries like Iceland have done this in the not too distant past.
I’ll add that with the US dollar being a de-facto reserve currency just about everywhere, the %1 is in the same boat with the rest of us. So I wouldn’t expect things to get that dire. It might get re-based eventually, but probably more of a “let’s move the decimal point over because this looks stupid” kind of a thing.
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