And that’s all I do is read about it, but I’m not seeing it. My favorite reasonly priced restaurant: just raised prices. My pastime: just got more expensive. My sons choice meal: up 10%. Even gasoline is going back up.
I’ve seen material costs fall in my industry, but prices haven’t followed yet and retailers won’t drop their prices accordingly unless they’re going out of business, and that will only be after artifically raising them so what is actually 10% off looks like 50% off.
The only thing going down is housing. Higher mortgage rates (due to cramdowns?) will push housing prices down further, but the continued failure of banks (due to cramdowns?) will lead to more printing.
It’s a vicious cycle yes, and eventually our fearless leaders will realize they can’t stop home prices from falling and raise rates.
