Comments by "Daniel Bradford" (@Falconlibrary) on "100 basis point hike is straight ahead due to hot inflation: Market researcher Jim Bianco" video.

The utter disconnect of the rich from the rest of us is amply reflected in these reports: "Gosh, things MIGHT get kinda bad soon." The rest of us: "We passed 'bad' about ten miles back and we're headed for a cliff."
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Powell at the Fed is trying to placate his rich friends who are addicted to free money. Without free money, a lot of their "businesses" will collapse like a house of cards. That's why he waited so long to raise rates and why he's so timid in doing it now. Honestly, all Powell is doing at this point is making the problem worse with his timidity. It's like a Band-Aid: one pull, right off!
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Around 17% but I won't argue with 20%. It's bad.
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It's good for rich people because they can pay lower wages. Sucks for everybody else.
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@nerdstrangler4804 Inflation benefits workers if wages rise faster than the inflation rate. Powell could crash asset prices (like stocks) with sharply increased interest rates instead of creating mass unemployment. The Fed works for the benefit of the rich and everyone else can go hang.
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Powell wants to increase unemployment (which will hurt the working class) with gradual interest rate increases, not crash the stock market (which will hurt his rich buddies) with sharp interest rate increases. Got it now?
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@nerdstrangler4804 Better for who? Jerome Powell is concerned with his rich friends. The rest of us are just expendable pawns.
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Using technical jargon obscures the real world horror show that increase will unleash, plus it makes the speakers appear smarter than they are, which isn't very.
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There's two Americas. In one America, called Richistan, Ukraine and Central American illegal immigrants (who provide cheap labor for the rich) ARE the top priorities. Then there's the real America where the rest of us live, and we are SOL.
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DR. MCCOY, EXAMINING THE AMERICAN ECONOMY: He's dead, Jim.
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