Funny you say that. When we had that record snowfall in 2016, it took almost a week to be able to drive arojnd and the only thing open was McDonald’s. I think I paid 7.79 for a QP fa our meal, which I thought was insane at the time, and didn’t ever go back. Last year I was in Florida and my mom wanted to stop at McDonald’s, so you don’t say no to mom. I got a QP meal and she just got a QP, my meal was like 10.59 and her burger was 6 dollars or something. So for two hamburgers, one regular fry and a drink I dropped $18. Now it will be another 8 years before I’m back.
Although the perception is that Presidents have control over inflation. My guess is that he came up with the $10.00 cost of the burger from a fringe website or a social media post.
The year over year inflation rate is as follows: 2017: 2.1% 2018: 1.9% 2019: 2.3% 2020: 1.4% 2021: 7% 2022: 6.5% 2023: 3.4% 2024: ??? U.S. Inflation Rate by Year: 1929 to 2024
So inflation blew up from covid. Are you gonna give Biden cred for consistently dropping from 2021 to present?
Meal was like $12 with taxes. But the meal just gets you a medium fry and a Coke with your quarter. Da fuk?!
Not COVID, but how our government and corporate entities responded to COVID. And we now know how much of an overreaction that really was. Biden has been trying to get inflation under control, but that also comes at the cost of the highest interest rates we've seen in decades in the US. It is a pick your poison deal. You take a medication to cure your ailment only to have that med produce another gnarly side effect. That is where we are at.
Yeah, covid. You willing to answer the question? Inflation has consistently dropped since the global pandemic. Are you gonna give Biden cred for consistently dropping from 2021 to present?
I answered your question. I bet Gen Z loves those interest rates as they contemplate buying a new home.
well, they NEVER were below 10% in the 1980s. 1986 had the lowest avg mortgage rate of the decade & it was 10.19%
This is way more in your wheelhouse than mine. I recall my folks talking about rates up near 15%. Not certain if that was early 70s, but probably sometime between then and the 80s.
the highest 4 years from 1970-1990 were 80 - 13.74% 81 - 16.63% 82 - 16.04% 83 - 13.24% nostalgia is a helluva drug
Wait, so your argument is that the interest rate in 2023 is due to the current President but the interest rate in 1983 is due to the previous President?
