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Clarke Co, Iowa | Yep, I know the finger pointers all claim it was the Democrats. But actually, it is the shortage of goods and services thats deriving inflation. How many of you paid sticker for new trucks before they became hard to get?
The Fed has already blead seven trillion dollars out of the stock market with the increase in interest rates. The total value of the market was 53 trillion in January now its value is 46 trillion. That is a loss of twice the free money given away.
What does that mean? People that were counting on IRAs and 401Ks are looking at distributions that are close to 20% less than last year. On top of that poor people spent their free money long ago it's no longer in the system.
Until we get supply back up, car lots full of cars again and no empty shelves at the store inflation is not going to come down. They can raise interest till the cows come home. The supplies will still be short and prices high. | |
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What really caused the inflation.
