Talk of The Villages Florida - View Single Post - Fed Reduces Interest Rate
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Old 09-22-2024, 11:04 AM
biker1 biker1 is offline
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Reread your own post. You said prices have stopped going up. Not true no matter how much you cherry pick a few examples of highly volatile commodities.

Quote:
Originally Posted by jimjamuser View Post
Gas at Sam's has gone DOWN to $ 2.77 per gallon. When people talk about "Prices" you have to keep in mind there are short term prices and long term prices. Obviously, long term - prices are going to go UP. Just like my example of buying a well running used car for $ 60 when I was 18 years old. But, short term, like one or two years, prices can go DOWN. The FED saw that prices had stopped going up, so they dropped the prime rate down 1/2 of a %.