Inflation has nothing to do with our current administration or any administration!!!!!!!!!!!!
Simple Economics........demand is outstripping supply and wages are at an all time high!!!
Thats spells higher prices. Like the dinosaur, if you don't adjust your budget you will perish. Lets add in the cost of computerization and you have runaway inflation.
The fed is the only way to decrease demand/higher interest rates. If the consumer stops buying prices will come down,BUT, they won't. Unlike the older generation they have no sense of things they need vs things they want. Its a conundrum. And it aint political.
Lets not forget the population growth. The supply of things has to increase past demand for prices to fall. The good news is savings interest rates at 5%, lock them in.
This situation isn't going away for a while, adjust.
If the Saudis want to turn off the taps and increase gas its at their whim. We are not oil independent. Strap in boys and girls, your in for a bumpy ride regardless of politics, they have just turned into entertainment and that is a dangerous situation. Hopefully we will not be attacked. Welcome to the new world. God bless the bubble!!!!!!!!!
Quote:
Originally Posted by easeonby
There is no inflation decline, prices have not come down on anything and
they continue to rise. Our current admistristration is nothing but smoke and mirrors
trying to get you to believe they are doing a great job, Build Back Better and the Inflation
Act is a complete failure.
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