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blatchcorn t1_iuh5wpu wrote

Reply to comment by Careless-Pin-2852 in The terminal rate does not need to go above inflation. by nonasiandoctor

Who is seriously up voting this comment?

The OP is not correct and wrong at the same time. He is just correct.

We have higher levels of debt which increases the pain felt by interest rate increases.

Another factor is that some of this inflation is cost-push which should resolve itself eventually irrespective of interest rates, which only deal with demand pull inflation

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Careless-Pin-2852 t1_iuho1hp wrote

I have not seen used car prices fall yet and until That happens we need to keep upping interest rates

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blatchcorn t1_iuhqbip wrote

Ok let's hope the FED gives you a phone call so you can tell them when car prices fall and that's their signal to stop raising rates

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Careless-Pin-2852 t1_iui48oj wrote

Actually, the fed has an army of people to call places and asks them questions about prices. The odds of some low level fed person calling my store are low.

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