4 ms·
For people who rent it is bad. High inflation means all the necessities of life are more expensive. High interest rates cause pain but the pain is not evenly di
by more_corn 2y ago
For people who rent it is bad.
High inflation means all the necessities of life are more expensive. High interest rates cause pain but the pain is not evenly distributed.
For people who own it is fine (homes and stocks). They’re not hurting so they keep spending.
There really are two economies. One is doing great and the other one sucks.
- scrubs 2y agoBloomberg had an article that subtly made the same point titles something like: the fed has a problem; there's only one fed rate. With real income gains accruing to the top 5% since roughly Reagan, there are two economies. And that's a problem which can bleed into politics probably for the bad short term