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Hey Michelle, the price gouging won't go away on its own, and it's not cyclical. Hate to break it to you. Also the Fed are a bunch of jackasses, with extremely limited tools.
Also, I have never seen prices go down except for gas. The Fed wants around 2% inflation every year.
She's a pretty shitty wealth advisor if she thinks these things.
And inflation isn't like loan or mortgage rates. It going down didn't change the inflation that built up. It's cumulative. Those few years of 5-7% inflation made everything more expensive by that amount. And our wages didn't increase by that amount. So effectively we all earn about that much less for no reason.
Sorry off topic but your name is amazing!
Isn’t that a line from Moana?
Really?! I haven’t seen it but maybe lol
This also just misses the point entirely. Young people expect society as we know it to end within our lifetimes. Even if inflation does down for a bit, the ocean is still gonna be acidic af.
The inflation already went up, Michelle. Prices aren't going to drop.
The cost of groceries goes up - it never goes down. Electric rates are going up and it seems everything is going up. Medical care is horrible expensive and it's not going to come back down again. I don't know what planet she's on.
The rich, out of touch planet, I'm guessing. I call it "Opulantis."