Tim Knowles
Jul 22, 2024

--

What is awful about the economy right now? Unemployment is low, inflation is not bad and dropping, wages are growing, capital markets are setting records. The economy is great, not a great time for starting a family with high rents/house prices and high cost for childcare but the economy is great. Oh, maybe the problem is interest rates. Interest rates are high (not crazy high), bad for debtors good for savers. For the first time in a long time interest on savings is more that the rate of inflation, that is good and proper.

--

--

Tim Knowles
Tim Knowles

Written by Tim Knowles

Worked in our nations space programs for more than 40 years

No responses yet