Ow yea, I can't wait to see the spin lol.
As far as interest rates go, we are about half of the historic average fed rate.. Depending on when you crunch the data, the average is around 6%. The last 20 years has done alot to keep the average fed rate down, to note fed rate exceeded 20% in the 80s. Good as long as we're below the average so they make a big deal of it. We are really just getting back to 2018 levels. But what the hay, causing panic in the market just means a lower entry level.
Problem I have is current inflation is caused by world wide supply side issues ... untill thoes issues are fixed we're going to see inflation regardless of interest rates -- it's simply supply and demand at work. Raising Interest rates can effect both supply and demand side pressures, but do we really want to crash the world's economy? The US looses that scenario as we don't produce what we need (understading there is diference between wants and needs).
Monday bound to be interesting ... I think the weekend warriors will bring it down further due to Friday's fear but my hope is a little rebound at end of day ... may not get that though!!!
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