|
|
|
|
|
by nine_zeros
1097 days ago
|
|
It just looks like the game is up. Every company is trying to raise prices and squeeze more, so that stock prices remain up. If they could accept a lower stock price instead, they'd just be more stable, and retain loyalty on the other side of the recession curve. |
|
The fact is, the median-aged person was in diapers when their parents were getting double-digit mortgages. We are now looking at home loans and car loans at 7%. This is different from the last decade or two of low, stable inflation.
We should expect almost everything we buy to have significant price increases and wage increases much more frequently than we are used to. [2]
[1] https://fred.stlouisfed.org/series/CURRCIR
[2] https://www.atlantafed.org/chcs/wage-growth-tracker?panel=1