9 ms·
6% is only looking at the CPI. Factor in equity prices, housing prices, tuition prices, and suddenly there is a lot more reason to panic.
by IAmWorried 5y ago
6% is only looking at the CPI. Factor in equity prices, housing prices, tuition prices, and suddenly there is a lot more reason to panic.
- wbsss4412 5y agoHousing, tuition and equity prices have been skyrocketing for the last decade and no one panicked. Has tuition even notably increased in the last 12 months?
- IAmWorried 5y agoI don't exactly think people were very happy about it either. I mean look, I'm 24 years old and I don't own any of these assets. At the rate things are going now, I probably never will own these assets. The best thing that could happen for me is major deflation. But it is too politically unpopular, I bet it will be years before we get a fed chairman who has the spine to raise rates. So I'm reduced to angrily complaining online and shaking my fist at the sky while our rulers at the fed prop up boomers and leave my generation out to dry.
- wbsss4412 5y agoThe fed _was_ raising rates pre pandemic, it got detailed by Covid. I would confidently bet money that they raise rates in 2022. At the end of the day, the fed has to take its queues from the fiscal policy that’s in place. This time around is very very different from 08.