I would happily tell them that. What I'd say is tough. It's not a happy thing, but it happens. Then I'd say be happy it isn't worse, like 20 years ago. Your logic sounds like that of a disgruntled 20 year old who has never seen a slowdown...let alone a recession. The loss of jobs happens all the time, and while rates can be used as a proxy for the reason they were lost...it is rarely THE reason.
I think that macroeconomic management is something that is best left to professionals. While I have a masters in it, I'd not call myself a pro. Those in the Fed, I would. Do they err? From time to time...but they haven't much since about 1983.
If there are holes in my points...please, fill me in. There are few. I used the facts, and they speak for themselves. Make what you wish from them, but alot of people can't tell a leading indicator from a lagging one, and wind up thinking they do the same thing. |
