I'm not really hurt by it because I don't have to buy the damn building. The rates on the sign lease keep climbing but I could cut a check for the damn sign. If I did so, of course, that's that much less down-payment on the building yadda yadda yadda but really, this all comes down to "how cheaply can you spill money" and it's not like credit cards are within the same order of magnitude as prime rates, ever. Payday loan people? They charge what they charge, they don't give a fuck about Jerome Powell.

But here's the thinking:

- IF Phillips Curve, then Supply Side Economics. The Phillips Curve effectively says "if rich people are in trouble, get poor people fired." Its solution to rich people not being able to borrow is to destroy poor peoples' livelihood.

- IF Sahm Rule, then communism. The Sahm Rule effectively says "if poor people are getting fired, pay them to save rich people's investments." Its solution to rich people not being able to borrow is to ensure poor people's livelihood.

Economics is nothing more than the careful exclusion of externalities to justify your monetary philosophy. And the Fed has never given the first fuck about the poor.