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let s talk to steve more about this. steve, the problem is inflation is at decades high. recession around the corner. it s a heck of a one-two punch. you better believe it. the good news is that the inflation rate has come down a little bit the last two or three months, charles. that s good news. we went from almost 9% inflation this past summer to now we re down to about 7.1%. as you just said, that is still the highest inflation rate we ve had in 35, 40 years. so americans are feeling the punch. their wages and salaries have only gone up by 5 or 6%. that s one of the reasons that you reported that credit card debt is going up. people are trying to maintain their standard of living but paychecks are not keeping pace. i m nervous. i think inflation will come down in 2023 from the high rates of 2022. but i also think that the economy shows real signs of slowing down. i pray we don t crash into a recession. but we sure could. charles: steve, that s what i m concerned ....
Back against that. the average person is stuck in the middle. they re the targets of fed actions that they have nothing to do with. it s just really so difficult and heart breaking, yet there s nothing that can be done because it s working politically. even with oil and gas. we got lucky china couldn t get their act together and there s no demand. that will change in the next few months, right? the big issue if we do go into recession, the average forecast for the economy, 0.3% is the forecast. that s no growth at all. that is a recession. what are we doing to do then? we can t run up the debt any longer. we have to change our whole orientation. ....