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Reply to "Gas is up"
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[quote=Anonymous][quote=Anonymous][quote=Anonymous]Gas, oil, natural gas going to go up quite a bit. We will see $4-5 a gallon soon. This will lead to a global recession, not just USA. Interest rates and inflation will go up in coming months. [/quote] Am I incorrect in thinking that interest rates go down in a recession? Don’t they want to encourage borrowing and spending?[/quote] Interest rates don't just go up and down automagically. They do whatever the fed governors and head of the fed decide at that time. They all have different views, techniques and ways of coming to a conclusion to raise or lower. Put briefly - it's an art, not a science with many inputs and outputs. If you're relying on the fed to save anyone, it's a bad assumption.[/quote]
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