I’ve been expecting increasing interest rates and high inflation. Jimmy carters 2’nd term.
when it gets here (and it will), it will be unexpected/surprise on the evening news
I have too but we have the high inflation but not the high rates to choke the money supply. Inflation runs wild.
Building supplies have more than doubled in some cases and the price for a house package of materials has gone up 50% in the last 6 months. They say short supply but I see people working to make the stuff. They have gone back to work.
Part of it is price gouging and the other part demand and a hole in the stock from no manufacture for a few months but goods are now being made. I guess there is the whole restocking thing.
The thing about inflation that is so worrisome is that, except for some commodities, the price of manufactured goods almost never goes down. Instead it just stays at the same rapidly inflated price until the normal rate of inflation resumes, whatever that is.