by Peter Zeihan on November 3, 2022
Is it a bird? A plane? Nope, just interest rates rising again.
At this point, most of us know the drill with the Federal Reserve raising and lowering interest rates to play puppet master with demand. However, not all of us have adult-experience with a period of high interest rates…I’m talking about millennials. And guess who is responsible for the majority of the demand across the world…millennials.
While the US has enough millennial-backed demand to get them through this recession, the rest of the world will quickly show how important it is to have a full quiver of monetary regulation tools at their disposal.
As this economic crisis unfolds across the globe, expect plenty of whining from your favorite crypto-bros, millennials and Germans.
Categories: Economics/Class Relations