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Originally Posted by nis350 I hear you... We're in the new normal relatively speaking. Inflation is totally insane during the last few years or since COVID first started. Fed's recent
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Barry Habib (one of the world's most respected economists) so eloquently describes inflation as "too many dollars chasing too few goods". When COVID happened, Feds drastically cut rates to prevent the economy from crashing, but the other half of the equation is supply. Due to COVID, the global supply chain was disrupted, so there was alot of money pumped into the economy, but not enough goods to support the demand. This is when inflation really became out of control and the Feds were too late on raising rates to keep inflation in check. Inflation will continue to rise as long as supply is scarce. Raising rates may help, but the biggest key is getting the supply chain back in order. Buying/selling cars at higher inflated prices will NOT keep car prices high. It is the lack of supply/inventory that will keep prices elevated. If more supply become available, this should stabilize car prices.
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