handmade.social is one of the many independent Mastodon servers you can use to participate in the fediverse.
handmade.social is for all handmade artisans to create accounts for their Etsy and other handmade business shops.

Server stats:

36
active users

#Interest

0 posts0 participants0 posts today
Replied in thread

@YurkshireLad

I'm guessing you're on the #younger side - after #GenX, anyway?

These interest rates are actually normal. The last 20+ years of artificially-low #interest rates were the actual madness, and caused an incredible amount of economic damage. Our insane #wealth #inequality is largely due to the government suppression of interest rates.

When economic times were actually tough - think late 80s / early 90s - mortgage rates were 16% or even 18%. Car loans were 22+%. I was there.

Another Good Inflation Report:

Inflation Has Been Beaten,
A Soft Landing Achieved

- The main gauge of inflation, the #Consumer #Price #Index,
came in at 0.2% for July and 2.9% over the past 12 months.

Food prices have only increased ✅1.1% over the past year
-- 💪🏽far below the wage gains of workers.

Over the past six months inflation has averaged 2.0% -- ⭐️which is the target rate the Fed has been shooting for.

As we’ve been saying here these last few weeks inflation, a global phenomenon, has been tamed here in the US and a #soft #landing achieved.

It is time for the Fed to #cut #interest #rates and start easing up on consumers.
hopiumchronicles.com/p/inflati

Hopium Chronicles By Simon Rosenberg · Inflation Has Been Tamed - So Much More Is Possible Now For American People, Encouraging Battleground Polls, Let's All Commit to Vote on Day 1!By Simon Rosenberg