Two kinds of inflation. Monetary and non-monetary. We have both. I thought the FED could fix this but of course. They’ve put idiots in charge. Raising interest rates just hurts consumers when the FED (Washington) keep dumping billions into the economy. This won’t work. They can only devalue the dollar or we will default on our debt. Tightening the money supply would help, along with 10% budget cuts in most non-essential government programs.
son of witless wrote:
The Fed is desperately trying to wring excess liquidity out of the economy. If they would have been smarter they would have started much sooner. This is now killing the stock market. It will eventually hit real estate. Cash will eventually be King, again.
If you are lucky enough to be sitting on a pile of cash, in a year or two you can pick up bargains in stocks, real estate, luxury pickup trucks, boats, campers, etc.
I honestly have no clue on crypto currencies.