[Stu from NYC]

Originally Posted by Blueblaze

OK, I'll play. Name something that's only up 15%.

Will raising rates end inflation? That's the only thing the FED is willing to do, but that's not the real solution. The real solution is to STOP PRINTING FAKE MONEY. In fact, in the history of the world, the only thing that's ever solved 50% inflation is to ISSUE A NEW CURRENCY and then DON'T INFLATE IT.

Yes, raising the rate the FED charges banks for their fake money, discourages banks from taking it, but not enough to convince them to quit paying the FED and start paying YOU. THAT would allow a real "soft landing", by attracting REAL INVESTMENT. Or, at least it would, if inflation wasn't already at these astronomic levels. At this point, I don't see any solution.

Mortgage rates are now over 6%. Is your savings account making any more than it was a year ago? There's your clue. For the 100 years prior to the 2008 crash, when Obama effectively nationalized the banking system, you could get 4.25% in any passbook savings account, through inflation, depression, recession, and what-have you. The banks WANTED and NEEDED your money. Now they don't. How do we recover from a banking system that doesn't want investment from the real economy?

Agree 100%. The fed is doing what it can to stop inflation. The real culprit is just adding fuel to the fire