Z06fan
Well-Known Member
- First Name
- Mark
- Joined
- Dec 23, 2021
- Threads
- 2
- Messages
- 88
- Reaction score
- 136
- Location
- Charlotte, NC
- Car(s)
- Chevrolet SS Sedan, Mini Cooper S
- Occupation
- entrepreneur
Yeah, it's an interesting time like nothing else we've seen historically. It's humorous to watch CNBC each morning and see investors predict when/if we're going into a recession and the long term impact of the interest rate increases. Glad to see that inflation will only be "transitory", lol.Interestingly there are those that think deflation might happen if the FED overplays interest rate hikes. IMHO we are just dealing with the reality of effects of a Covid shutdown. Politicians need to know that they can’t just shut down an economy and expect it to restart back to normalcy in a short time. Supply chain issue needs to resolve itself and that won’t happen overnight. I have Zero confidence in the FED and interest rate policy. Additionally the reality is Politicians are printing money without considering the long term consequences of doing so INFLATION) just to buy votes retain there positions (buying votes). Free money is Very Expensive!!! In this sense politicians are not on the same page as the FED in attempting to slow so called inflation with interest rate increases. Instead maybe the FED should stop the increases and let the FREE markets and supply chain work there way back to normal. They really have no clue how to proceed. So here we are navigating unknown waters and unseen storms without an end in sight. I only wish my Best to All involved!
I agree - we need to let the supply chain and business do their job and get it resolved. Business creates innovation & solutions. Governments create hurdles.