Why are rate hikes bad again? The whole purpose is to control inflation.
They cause the line to go down, I guess that's bad for some
>>62669369Theyd rather live in the money illusion and see the line go up while their buying power goes down. They think 'wow Im such an elite stock picker, surely i will outperform inflation. Fuck everyone i got mine'. It happened once, so it must happen again and again, exactly like the last time.
>>62669369Useful iditots.
>>62669369the entire economy is run by MBAs who were taught returns are ROIC-WACC and WACC gets cheaper with debt and low interest. You raise types and WACC goes up and the calculus for some companies goes negative and their entire growth plans collapse on their feet
