[quote author=ILLove1997 link=topic=6.msg127294#msg127294 date=1719431273
Currently rates are fine, but will take a while for them to go back down again (economic slowdown will need to occur first)
[/quote]
I disagree here. The most sticky part of inflation has been the housing sector. Correcting that requires construction, which requires loans. The high rates have kept the stickiest part of inflation sticky.
I think we may be fuxored no matter what. I went to buy some Olive oil yesterday and it was like 2x what I expected. Turns out olive crops in Spain are trashed by drought. That's not Biden or Trump - but whomever's in office will get blamed for olive oil prices regardless of if it's "a drought" or "climate change". See also: Eggs, avian flu, Avacados, Mexican cartel wars. We may end up keeping or switching a President just because of what the weather has been.
Guess this crazy rain in Minnesota and South Dakota did manage to filter 3-4 inches into Central Illinois, my FIL was saying that may have saved the crop entirely. They may be sitting pretty with a lot of Iowa farmland about to go underwater.
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