"..interest won't be raised unless there [are] signs of hyperinflation'... as in they want/have inflation already and will make a move once it gets out of control...
by which time it will be out of control...
by which time it will be out of control...
My thoughts exactly, all forceful economic practices and every single measuring tool is retroactive in nature. Every measurement we have is on a huge delay (much like technical tools during analysis, which is why a lot of technical analysis doesn't work if that is all you take into consideration).
By the time they acknowledge that it is time to cut the barnyard bullshit, it will be too late and they will have to enact some counter-measures a couple of months down the line.
We're locked in the cycle, so it seems. Except this time around, it's a very very artificial cycle, instead of just a kinda artificial cycle.
