Economic Pessimism Growing in U.S.
re: this Gallup poll: we have an expression in the USA that I think covers this: “no shit Sherlock” - that is, the poll results are obvious and predictable.<p>This is just my opinion, so take it with a grain of salt: the Federal Reserve made a very big error in only raising interests rates by 50 basis points. They obviously (to me at least) care much more about keeping interest rates as low as possible rather than fighting inflation. Actually, they did not make an error, they are just purposefully being without heart or compassion.<p>I planned my finances to be relatively immune to massive inflation, but my experience volunteering at a local food bank and getting to know our “customers” has given me at least a little bit of understanding on how vulnerable many people are. So many people I talked with had had solid middle class lifestyles until sometime unexpected happened like a large medical bill.<p>I believe in equal opportunity but to not enforce equal outcomes for people. To some degree equal opportunity means not enriching the asset class and hurting average people with run-away inflation.