>>83844646Nah. I am an /smg/igger so I pay attention to this.
Up until 2022 the US was running on something known as ZIRP for nearly 20 years. Zero Interest Rate Policy. Because of this banks and businesses discovered something amazing... Free Money. So if you take a loan at 0% interest it is literally free. You can then down the road take out another loan to pay off the previous loan on and on and on.
These businesses needed to justify further loans for more free money. This is when DEI came in. They used DEI to justify further loans. The banks supported it as a way to shut up the OWS crowd and infiltrate their hippy asses. Basically hire the opposition. The DEI hires then did what they did pushing for stupid shit but even if they were losing money it was fine because the 0 Interest loans outpaced the loses.
Then something happened the Interest rates had to be raised because the inflation had reached 10% rolling. Now you weren't there but the wailing and gnashing of teeth was other worldly. Banks, Corpos, and politicians shrieking and yelling over a .75% interest rate increase. Zombie Tech started declaring bankruptcy immediately and scam companies went under killing the regional bank that was the biggest supporter of TECH and DEI.
Now the strangling influence of "high" interest is going for the corpos. At the same time ACROSS THE BOARD public support of DEI collapsed 10% according to a gallop poll.
The public is outright telling corpi to shut the fuck up and make my slop you are our slave don't forget it corpi! corpi corpi shut up and make my sloppi.
So now that the party is over the banks have turned their backs on DEI because it has gone from easy money to being a liability.
Let me be very clear. JP Morgan openly supports these high rates and all banks bow to JP Morgan.
Everything is fine.