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cgod · 453 days ago · link · · parent · post: As More Millennials Rent, More Startups Want to Lend to Them
But motherfuck if "inflationary pressure" isn't a synonym for "wage growth" and a reason to increase interest rates. Any time wages grew faster than inflation before the last crash the Fed stepped on the brakes, wonder why real wages haven't increased in a few decades? I haven't read many post crash federal reserve statements so I don't know if this is still true but it was usually true since the 70's. I don't expect pony boy is on the look out for the working man but there is more than a grain of truth behind what he is saying.