Michelle Griffith, Chicago-based senior wealth adviser at Citi Personal Wealth Management, said it’s concerning. Many consumers she’s talked to don’t have hope that they can achieve the American dream.
“There will be a time when inflation and prices will continue to go down. The Fed is already talking about that. You see that on the horizon now,” Griffith said. “What I want [consumers] to recognize is inflation is cyclical. It doesn’t stay the same, and doom spenders have to keep that in mind.”
Hey Michelle, the price gouging won’t go away on its own, and it’s not cyclical. Hate to break it to you. Also the Fed are a bunch of jackasses, with extremely limited tools.
The cost of groceries goes up - it never goes down. Electric rates are going up and it seems everything is going up. Medical care is horrible expensive and it’s not going to come back down again. I don’t know what planet she’s on.
Hey Michelle, the price gouging won’t go away on its own, and it’s not cyclical. Hate to break it to you. Also the Fed are a bunch of jackasses, with extremely limited tools.
The inflation already went up, Michelle. Prices aren’t going to drop.
The cost of groceries goes up - it never goes down. Electric rates are going up and it seems everything is going up. Medical care is horrible expensive and it’s not going to come back down again. I don’t know what planet she’s on.
The rich, out of touch planet, I’m guessing. I call it “Opulantis.”