- Nov 10, 2019
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- Moderator
- #81
I really was not affected much by the inflation caused by the COVID-19 Pandemic free money dump passed in early fall of 2020, pushing inflation up to 7.1% in 2021. With just the two of us and 4 retirement incomes. I knew the Fed would raise rates making the money supply in circulation more expensive, to cool the inflation, and, of course they did, and the inflation dropped to 2.9% in 2024.As if you gave a damn during the Biden inflationary phase.
You're so hypocritical it's nauseating.
But, you have to remember perspective. I lived through the Carter/Reagan/Bush years with inflation going above 12% and only still at 6.1% in 1990. I bought my first home in the mid 80s with a fixed interest rate of 10.5% and glad to get it. So, 7.1% dropping back down after 2 years, simply wasn't enough to get me excited, especially with business school and economic predicting high inflation, following any huge money dump, like the one passed in the summer of 2020.