Just watching RFD TV closing markets…
Increasing interest rates does not decrease inflation when oil today is over $90/barrel… talking now about 7 rate hikes…
Food price increases, shortages of energy, fertilizer, inputs, equipment, 2% increase in interest rates doubles interest payments, the very people who were hurt the most by the Pandemic… get double jeopardy… whilst Banks and Billionaires bank accounts Bulge!!!
4% increase in wages while inflation is rising 7.4%?
Lumber drops 30% in the last month… housing prices rising dramatically with big shortages while costs of house ownership about to double???
This can’t end well…
Increasing interest rates does not decrease inflation when oil today is over $90/barrel… talking now about 7 rate hikes…
Food price increases, shortages of energy, fertilizer, inputs, equipment, 2% increase in interest rates doubles interest payments, the very people who were hurt the most by the Pandemic… get double jeopardy… whilst Banks and Billionaires bank accounts Bulge!!!
4% increase in wages while inflation is rising 7.4%?
Lumber drops 30% in the last month… housing prices rising dramatically with big shortages while costs of house ownership about to double???
This can’t end well…
Comment