re: #55 lawhawk

[Embedded content]

The Fed is going to fight inflation even if it means pushing country in to a recession. As it is, there’s little evidence that inflation is out of control. It’s not. Oil prices are relatively stable, gas prices are falling, and shipping costs are coming down after all the supply chain mess during the worst of the pandemic. That will all help reduce inflation.

Those of us of A Certain Age aren’t as freaked by inflation as our youngers may be.

My college roommate, late 70’s/early 80’s, was getting 12% interest on her T-Bills. I got 10% on a basic passbook saving account.