
OT: Ackman on twitter
#1
Posted 27 July 2022 - 09:34 AM
#2
Posted 27 July 2022 - 12:03 PM
"Inflation has become imbedded in the economy"
That is exactly what happened from early-1970's through early 1980's. Inflation metastasizes through the entire supply chain. It took onerously ridiculous high interest rates by FED to finally kill inflation. Good news was economy recovered fast once inflation was under control. But that was a different FED. Today we have a political FED. They will pussyfoot with interest rates and inflation will keep going for many years.
Edited by pdx5, 27 July 2022 - 12:05 PM.
#3
Posted 27 July 2022 - 04:57 PM
The one thing that happens is interest rates kills the housing and car markets as far as people won't be able to afford higher interest rates... This in itself will help the supply chain catch up... However restaurants, super markets, and stores such as Costco, Walmart will raise prices if demand goes down to try and make up for the loss of revenue...
#4
Posted 27 July 2022 - 05:49 PM
The one thing that happens is interest rates kills the housing and car markets as far as people won't be able to afford higher interest rates... This in itself will help the supply chain catch up... However restaurants, super markets, and stores such as Costco, Walmart will raise prices if demand goes down to try and make up for the loss of revenue...
One of the hottest RE markets in the world, Vancouver BC got wiped out in June...
Sales down 35%...price soon to follow....and then the defaults...yada yada yada...
https://www.rebgv.or.../june-2022.html
Home listings up, sales down and prices starting to decreaseThe strength of Government lies in the people's ignorance, and the Government knows this, and will therefore always oppose true enlightenment. - Leo Tolstoy