Inflation
“Inflation. That’s the captain of the ship for those guys at the Fed. It’s like they run a balancing act. Economy gets too hot, cool it. Raise rates. Borrowing is more expensive. People can’t buy homes as much because their monthly nut goes up. Credit card costs go up. Joe Sixpack spends less. Things chill. Economy goes the other way, they drop rates. Suddenly everything looks cheap. Mortgage bills for single moms goes from two grand to 15 hundred bucks and life’s livable again....
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