Economy Changes

Things were looking pretty good aside from sticky inflation and higher-for-longer interest rates. We've been spoiled with artificially low rates for too long so we'll see how it settles out. The talking head narrative was that rates needed to be quickly lowered back to those artificial lows.

EVs are a tough sell today. The local Tesla storage lot is full and the cars are collecting dust. The auto biz seems to be slowing maybe in part to ridiculous prices, higher interest rates, and sizeable insurance increases. The local car/RV lots are loaded to the gills. I'm hearing repos are on the rise as are auto auctions.

And housing is nuts but not sure how it ever improves given the shortage of homes and wide open border.

And the stock market falling might hasten buyers to sit on their wallets. Add to that it's nice to collect 5% interest on any cash you have parked away.

Gas prices were looking good for a while and then went back up.