Originally Posted by ShyGuy

I'm not predicting what might happen, it IS what is happening. When you raise interest rates, you raise borrowing costs for consumers and businesses. As a result, they spend less, take less loans, grow less, and the economic output decreases. That is all fact. It isn't speculation, it is reality. This is the Fed's state goal. It's how they plan to reduce inflation. They can't affect the supply side, they can only affect the demand side. And that is precisely what they are doing. And if you have noticed, the GDP output for the last two quarters has been negative which is the usual definition of a recession.


I have to remind myself, I'm arguing with the most vocal angry voice on APC and Alyeska, and on financial matters at that (bad combo). You do you and vote no. Hey, I heard if you vote NO everyday from Oct 3 - 17, your NO vote will count 15 times. And if it passes, you could always do an insurrection at the Alaska MEC office to "stop the steal."

Debating with you is useless, I don't even know why I fall for it. Shame on me.