Look at every cost people are complaining about. The root cause is policy changes by the US government. Healthcare-Obamacare. Cost of college- the government consolidates it to be funded by the US government. House prices-policy changes and fed interest rates by the government. Whenever the US government gets involved prices go up. Businesses know they have deep pockets they can charge to.
Mortgage rates have been much higher, unemployment has been much higher, bond yields have been higher, cash yields have been higher, oil has actually been higher, gas prices have definitely been higher, and inflation has been much higher. We'll be fine, quit the fear mongering. Need to get the war over with, however.
@0xdavecryps Nobody's paying minimum wage anymore. In our area kids are getting paid $14 an hour to work at McDonalds. We have electricians and plumbers making $100k. Most businesses today would crater if they tried to pay just minimum wage.
@jeremyct Oh... don't you worry if we get enough people into government that think like you, they will figure out how to tax your house value runup, and if you think about it they already have with ever increasing property taxes on real estate.
@FinancialPhys All I know was that I was making $1.60 per hour at a grocery store in 1971 and I had barely enough money to take a girl out on a date. False analysis.
@JonnyRoot_ Tired of worrying about whether something you say is going to hurt a woke person's sensitivities. Can't even speak the truth anymore because their sensitive minds can't handle it.
@ESPNRittenberg What would you say if a team had 3 drives of 12+ plays and totalled 230+ yards in the 4th quarter to win. I say It wasn't a lack of execution. I would say Texas took it from you.