My parents like to talk about double digit interest rates in the 70's. Might they be returning?
I remember the '70's, and this is actually more sinister, as the rates have shot up like a rocket. versus in Ford/Carter maliasie era of the mid 70's, it was quite a bit more gradual in nature.
And to the point of double digit inflation? Every January 1st, I craft very accurate and precise budgetary document almost to the $.
2022 expected expenses is up 14.08% versus 2021 expenditures. I know I am only one example, but I have a feeling my numbers proabably track pretty close to everyone else.
So as far as what inflation, and actually what the CPI is?
Don't beiieve Biden one moment. My guessitmate is that it really more like 12-16%.