[J1ceasar]

Certainly today is different than the eighties and the inflation we had when mortgage rates were 13 to 15%. But I don't hear any of the villages complain about that housing values going up 15% last year and probably 20% this year. I only hear a complaints the salmon is now $12 a pound, chopped meat is now $7 a pound and you can't get a $1 value hamburger practically anywhere anymore at a fast food place.
Any good financial economist will tell you the simple way to treat inflation is to raise interest rates. The trick normally is to raise them just enough to slow the economy but not cause unemployment. Everyone complains now that there's no one to take over jobs but there's still 6 million people are unemployment roles and believe it or not there's about 450,000 jobs available in Florida alone but no one wants to work anymore. We also have and I'm not making this a political discussion at least 12 million illegal aliens, of which 6 million are of working age and probably working off the books for the most part. So the trick is going to be how to keep the economy pumped so that they're a job growth every month but just enough so that there is not inflation. By the way next year us senior citizens will probably get the biggest raise in the history of getting SS checks due to the unbridled inflation we currently have. Just remember when gas was 15 cents a gallon well in the last year it went up about 50% . So again to answer the question, the Fed who control the rates at the banks will have to raise their rates at least one full percent this year which in turn will give all the banks even more incentive to charge 30% on credit cards. And remember mortgage loans have been in an all time low for the last 2 or 3 years feeding a frenzy for buying homes which in itself would not be a bad thing except for the ridiculous inflation as well as the cost of lumber etc and labor to build the homes signing off for now Mr know it All