Some research shows that the cost of borrowing hurts people's perception of the economy. A lot of people buy things using credit, and interest rates have soared. That's not reflected in the inflation rate, but it certainly affects the cost of living.
I like the reminder about self-fulfilling prophecies. This is one where a lot of people would rejoice for being part of a group that called for a recession early on
Some research shows that the cost of borrowing hurts people's perception of the economy. A lot of people buy things using credit, and interest rates have soared. That's not reflected in the inflation rate, but it certainly affects the cost of living.
Great point.
I like the reminder about self-fulfilling prophecies. This is one where a lot of people would rejoice for being part of a group that called for a recession early on
Yes, that will happen. Looking forward to catching up in person today.
Thanks for debunking these misconceptions.
Most welcome. Feelings are important but it’s important to base them on the facts.