By: Jackd
Isn’t the problem really that the prices the rose during Covid never declined and are still considered “high”? Then there are house and car prices with high interest rates. Those things are real.
View ArticleBy: Joel Eissenberg
In reply to Jackd. @Jackd, Aren’t mortgage rates falling? I’d read that they had. Aren’t interest rates falling? I’d read that they had.
View ArticleBy: paddy
In reply to Joel Eissenberg. US mortgage rates peaked at ~8%, last week it was down to 6.92%. Source: RatesJan192024.PNG (396×262) (googleusercontent.com) Calculated Risk Blog.
View ArticleBy: Jackd
In reply to Joel Eissenberg. Yes but they are still high, historically and inventory is still limited.
View ArticleBy: Bill Haskell
In reply to Jackd. Jack: Twelve percent was high and it went even higher, We had a 12 percenter. There is only so much house one can buy even at 4% which it was mostly. The homes are over priced and...
View ArticleBy: Jackd
In reply to Bill Haskell. Bill, when I say, “high”, bear in mind that people have short memories. I’m not suggesting the Biden administration hasn’t done a good job economically; I’m just acknowledging...
View ArticleBy: Bill Haskell
In reply to Jackd. Jack: And the perception needs to be countered which is one of the reasons I spoke up. I know it if not you I am speaking too. Hey what about Jamie Dimon? What do you think he is...
View ArticleBy: JohnH
One of the big problems with median usual weekly earnings is that the BLS only counts those who work more than an average number of hours per week. That’s right–the median number includes only those...
View ArticleBy: Jackd
In reply to Bill Haskell. Jamie wants to get rid of bank regulations that interfere with profits.
View ArticleBy: Kaleberg
There’s also the fact that wages haven’t kept up with GDP per capita. I know I harp on this, but GDP per capita is a measure of our society’s productive capacity. An hour of labor seems to get one a...
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