29 upvotes, 1 direct replies (showing 1)
View submission: Mod of WSB removed after deleting Gamestop related spam
All the GameStop and crypto cults popping up are really fucking annoying.
Comment by [deleted] at 08/01/2022 at 03:54 UTC
5 upvotes, 0 direct replies
I'm hoping it's the peak at the end of an era of low interest rates, which create bubbles and lack the opportunity costs necessary to pop them.
Raising interest rates will force people to actually think about how they use their money.
If I were the type to get high, I might speculate that there is a correlation between interest rates and the general detachment from reality that has been occurring in the past decade, not just in financial markets but in all realms.