thisorthatorwhatever,

China just dropped interest rates.

This world is not the world of 20 years ago.

Currant inflation is being caused because of high interest rates. Mortgages cost more, so landlords (40% of which are small mom and pop ordinary people renting a second home) increase the rents. It takes years for all the mortgages to flip over to the higher interest rates, so we’ve see this persistent and high inflation.

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