When you click on links to various merchants on this site and make a purchase, this can result in this site earning a commission. Affiliate programs and affiliations include, but are not limited to, the eBay Partner Network.
These things don’t just happen out of the blue, there are precursors and causes. There is nothing in the economy that would cause an economic downturn like we saw in 2008. Bear in mind the economy is still growing and adding jobs despite the high inflation, and inflation is cooling not continuing to rise.
We were staring at the abyss in 08 after Lehman per Bernanke. I don't think anyone sees that happening again.
Normal target is 2% and 3.5+ is bad for the currency long term
Thats the target, but average inflation over the past 60 years is between 3.5-4%.
Originally Posted by LexsCTJill
I would like to see them crush inflation. No soft landing. Paul Volcker type. This would be the reality check everyone needs including the politicians.
That would needlessly hurt many people. Not going to happen.
Originally Posted by LH1
Rates will hover in the 5%-6% range next year. There's no Volcker stuff coming.
Rates will hover in the 5%-6% range next year. There's no Volcker stuff coming.
So they say. Remember when we were told inflation was “transitory” or remember when we were told it was because of “supply chains” and once they got corrected inflation would come down.
Yet for most of the last 20 years we had extremely low inflation...
if you use the post 1980 calculations of what govt used to measure inflation at, its not low. Of course the new adjustments always result in lower than what it would've been previously, convenient
Yet for most of the last 20 years we had extremely low inflation...
No it's been higher than ideal, the core figure doesn't account for overall money supply introduced by certain types of loans but I won't get into that since this isn't the place.
12-18-22, 12:13 PM
