about this. a couple things. one is that you said it well. we still have 7.1% inflation, which is a terrible number over the last 12 months. since biden came into office, prices are up by 14 to 15%. that s why it s causing hardship for families every time they go to the gas pump or the grocery store. so there s work to be done, martha, to bring these inflation rates down. i think they re not done. i think we re going to probably see at least one or two more rate hikes after this one. now, think about what sector might really be hit hard by rising interest rates. housing, right? when the interest rates go up, mortgage rates go up. we already have a very soft housing market right now. that s the industry i m most concerned about in the economy. when trump left office, we had a 3% mortgage interest rate. now it s 6 1/2 to 7. maybe going higher. rough waters ahead. so you have a different economic philosophy than the
who does that create a political pressure for? it creates an economic crisis for all americans, working class americans, middle class americans, and creates a crisis for whoever is running the country right now. that is joe biden and the biden administration. we have mike allen. he ll be on the other side on a happy friday note. he is going to be talking about the economy, going to be talking about politics, and rough waters ahead forincumbents. also ahead, merrick garland will meet with the president of the naacp today to discuss the dangers of white supremacy in the wake of the mass shooting in western new york. including how it s being spread on social media. plus, the reverend al sharpton joins us from buffalo after meeting with grieving families of victims. also ahead, another warning about the ill use of social media and how it is fueling a black market. that s really killing america s youth. we ll be right back.
At low tide, on many a craggy corner of Aotearoa New Zealand’s coastline, you can find clusters of large, oval, emerald-and-gold bivalves, encrusted with barnacles and sucked tightly onto the rocks. They’re quick to pick and easy to prepare: boil or steam them for just a couple of minutes, and the shells spring open to […]