it is dumb in the long term but they are trying to avoid the drop until printing hits and because the impact of rates may not be felt for a year 

 The majority of the population believes that inflation is due to climate change, not their lords deem "necessary quantitative easing". We are dealing with a keynesian stream in which logic flows like molasses. 

 Liquidity trap. Everyone is in debt up to their eyeballs & they have to sell assets to service their debt. 

 So we're seeing people "rob Peter to pay Paul" as the saying goes?