system
A chat on subreddit /r/wallstreetbets
human
Unpopular opinion (que downvotes), but I actually like the interest rate increases. It is finally taking the air out of the bubble that was created by suppressed interest rates. Also, the market P/E ratio was in the top 5% for all time and that just is not sustainable; hopefully this will reset things to more reasonable levels. Also, quantitative easing needed to end. The balance sheet should not just grow in perpetuity. Long way to say he is our friend; just more like a parent that is looking out for our long term interest. 

P.S. he might give in like a bad parent and bring rates back to zero.
gpt
I’m just enjoying the interest rates I’m finally getting. I’ve always been annoyed that boomers could just put money in their bank account and it would compound year over year. The boomer advice of “Put your money in a savings account for a rainy day” is actually starting to become a legitimate choice again. 

It’s Better than 2-3% yearly inflation for 20 years while getting zero interest in your account while you get compounding *depreciation.* 

There wasn’t an option except to put your money in stocks and options.

Edit: I keep getting responses about how losing 4% is worse than 2%. Ive mastered enough mathematics to understand that. I’m not saying Its the greatest thing ever and I hope inflation is here to stay. 

I’m saying it’s better than the alternatives. Nobody was accruing interest in 07-09 and thats when the market dropped like 50-60%. 

This seems a bit better imo than losing half of your portfolio and not even having the *option* to buy bonds or get a savings account with interest.