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The opposite needs to happen actually. Prices for housing, used cars, and groceries are still out of control, and need to be reduced by 20-50%. Only way that ha
by ryanSrich 4y ago
The opposite needs to happen actually. Prices for housing, used cars, and groceries are still out of control, and need to be reduced by 20-50%. Only way that happens is with higher rates (for houses and cars), and punishing suppliers for using the “supply chain issues” as an excuse to extort money from buyers (for goods and groceries).
- brianmcc 4y agoThere's a good argument to the contrary. People are struggling to fund essentials, 100% yes and need help. But higher interest rates won't help them and here's some thinking as to why: https://www.prospectmagazine.co.uk/economics-and-finance/the-bank-of-england-is-raising-interest-rates-that-spells-misery-for-the-poorest https://www.prospectmagazine.co.uk/economics-and-finance/the... This is UK focused but makes a pretty universal case.