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Registered
Join Date: Apr 2001
Location: Linn County, Oregon
Posts: 48,832
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Wayne, you seem to ignore the federal spending spree as a factor. That raised the inflation rate. Powell has a target of a 2% inflation rate, is raising the interest rate in an attempt to curb inflation. Yet for political reasons he isn't crying; "It's the spending, stupid!"
The Biden congress didn't spend like drunken sailors. Drunken sailors quit spending when they run out of money. Congress refuses to do that.
Sorry if I just sent this into PARF...hope I didn't.
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"Now, to put a water-cooled engine in the rear and to have a radiator in the front, that's not very intelligent."
-Ferry Porsche (PANO, Oct. '73) (I, Paul D. have loved this quote since 1973. It will remain as long as I post here.)
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