Quote:
Originally Posted by OrangeBlossomBaby
MOST of the "inflation" has been the rising cost of gasoline. There's your storm right there. Take a look at Exxon and Chevron's RECORD profits this past quarter.
They jacked up the prices because they could, and reaped the rewards while you were all too busy whining about politics to notice.
Prices have been coming down, they're still high but you can get a gallon of gas for just over $3.50 now, compared to the high of $4.85 a month and a half ago for the same octane level at the same gas station.
|
Way to simple analysis of where this inflation came from. Bottom line is too much money chasing too few goods.
Fed will cool down the economy by raising interest rates and watch how much housing prices will come down. Recession will be mild or severe but way to early to predict