Energy prices (specifically gasoline and diesel) did indeed decrease in September, but they have been rising again this month. The high price of those fuels isn't due to the price of crude either, it's limited refinery capacity, and nobody is willing to invest in more capacity when the administration has said they want to "end fossil fuels".
I'm confident that continued interest rate increases will eventually reach the point where something on Wall Street breaks. Cry me a river. There is much there that should have been allowed to break naturally back in 2008/2009. The fact that we managed to patch it up with QE and ZIRP just means the collateral damage this time will be worse than it would have been 14 years ago. And if we somehow manage to kick the can down the road again, it will be even worse the next time.
Energy prices (specifically gasoline and diesel) did indeed decrease in September, but they have been rising again this month. The high price of those fuels isn't due to the price of crude either, it's limited refinery capacity, and nobody is willing to invest in more capacity when the administration has said they want to "end fossil fuels".
I'm confident that continued interest rate increases will eventually reach the point where something on Wall Street breaks. Cry me a river. There is much there that should have been allowed to break naturally back in 2008/2009. The fact that we managed to patch it up with QE and ZIRP just means the collateral damage this time will be worse than it would have been 14 years ago. And if we somehow manage to kick the can down the road again, it will be even worse the next time.
These days the inflation data is like the weather forecast. Just wait a day or two and it changes yet again.
That reminds me of an old joke:
God gave us economists so that weather forecasters wouldn't look so bad.
I'm not sure it was God that gave us economists....but otherwise....yeah.