via @OccupyWisdom :
FOR TWO DAYS I’VE BEEN LECTURED ABOUT #INTERESTRATES, BY SECOND RATE “EXPERTS”
Interest rates follow cycles of 30-40 years.
This has been true for all of western civilization.
1/ Begin with the 🇺🇸 👇 1790-2018 pic.twitter.com/k8ZEG6gy2Z
— OW (@OccupyWisdom) August 20, 2018
2/ DETAILED pic.twitter.com/UeIGvvs7jy
— OW (@OccupyWisdom) August 20, 2018
3/ RECENT HISTORY pic.twitter.com/KNBnERN0ou
— OW (@OccupyWisdom) August 20, 2018
In each of the last equity bubbles, #interstrates were kept too low, too long. When tightening began it reached a point where the bubble burst and #recession followed. Each tightening cycle burst at a lower rate.
Same will happen this time. pic.twitter.com/AhB4QiZR7v
— OW (@OccupyWisdom) August 21, 2018