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Postmodern Zerohedge


The same people whinging about low interest rates debasing the U.S. dollar

...

After snoozing through the period of zero interest rates, we are bound to awaken with some suddenness to the consequences of monetary debasement, which we have been collectively ignoring for too long.

... now complain that raising interest rates will wreck the economy.

Tyler Durden

In any case, the market got what it wished for, but maybe, just maybe, hiking 75 bps into a rapidly weakening economy isn’t the best idea.

Those posts were less than 2 months apart. Pick a side!

Libertarians might scorn modern European philosophers but perhaps Jacques Derrida is most helpful here.

The blog posts do not stand on their own. Each outpouring of victimhood and 'told-you-so' contempt builds the subtext, and that subtext is:

Government stupid. Hurr Durr.

Cut rates, government stupid. Raise rates, government stupid. News flash: it's never going to be the perfect time to change benchmark rates. People are going to get hurt, especially those who bet big in the opposite direction.

Relating both sides of the story is one thing. Drip-feeding an anti-government agenda inside flip-flopping is another.

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Location: Washington, DC, USA

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