re: So did the fed really fix inflation or did the supply chain problem etc just fade out

My house value has skyrocketed, but I could never afford to move since I could not buy anything close to my current home with interest rates where they are. On top of that, I have effectively had wage reduction even though I have had raises the past two years since they do not cover any of the increase in expenses that I routinely pay (food and clothes).

The world is turned up side down, and the only thing keeping the economy going is credit card debt. We are built like a deck of cards and I dont see how this ends well for anyone.

quote:
This marks the second consecutive quarter in which Americans’ credit card balances topped $1 trillion, which had never happened prior to the second quarter of 2023

Lending Tree Credit Report

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One of the few accurate comments in this thread. High prices and credit balances are problems that will persist for a while. Thank you for making points without a bunch of false claims.