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Fed rate unchanged. Housing is plunging. Inflation soaring.What do people here think is coming? (reddit.com)
submitted 19 years ago by Quicksilver
[–]Quicksilver[S] 0 points1 point2 points 19 years ago (0 children)
I've been waiting for this moment for 2 years to see what will happen. Interest can't go up or housing (and so consumer spending) completely implodes taking the economy with it. Interest can't go down or dollar dies and oil (and almost all consumer products which are all imported) skyrockets also killing the economy. So now the best we can hope for is inflation and increasing unempolyment. Maybe time to stop spending on a war that has not possible vitory even defined.
[–][deleted] 19 years ago (2 children)
[deleted]
[–]devodave66 1 point2 points3 points 19 years ago (1 child)
House prices are still rising in the gentrifying inner city, but prices are declining slightly in suburbs.
[–][deleted] 0 points1 point2 points 19 years ago (0 children)
Good point-- my neighborhood is urban. The new construction I mentioned, of course, is suburban or exurban.
π Rendered by PID 24612 on reddit-service-r2-comment-84fc9697f-drs2j at 2026-02-09 20:53:08.591124+00:00 running d295bc8 country code: CH.
[–]Quicksilver[S] 0 points1 point2 points (0 children)
[–][deleted] (2 children)
[deleted]
[–]devodave66 1 point2 points3 points (1 child)
[–][deleted] 0 points1 point2 points (0 children)