We have had this conversation before Brian. Of course the items you mentioned are cheap. Not so sure they are as crucial to life as food, fuel and basic staples.
I believe in my quickbooks and quicken ledgers alot more then what the government tells me. I believe that statistics are quite easily manipulated. I don’t believe anything the government tells me regardless of who is in power. Other people lap up government stats because they actually believe that the government is actually looking out for them.
I don’t think it matters what interest rates do. Behavior of bubbles is trivial to understand. They all inflate according to what can and cannot control. The govt cannot control prices of basic foodstuffs and other basic goods. the govt has been doing backflips to keep a lid on treasuries with fantastic success. I do believe interest rates will rise someday but it may be a year or it may be 10 years.
However I am not coupling the price increases with the basic things we need to live on with interest rates.
