Quote:
Originally Posted by Wolverine607
That was late 2008. Exactly 14 years ago this month gas was over $4 a gallon and oil soon hit almost $150 and was already like $140 now.
Late 2008, gas was cheap and such.
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As I recall if one was looking, high gas prices in the SE was the spark that ignited the 2008 crash. Not many seem to remember that gasoline was also so expensive 10 years ago. Even today it was not actually off the charts until the War, 2/22. I paid $1.33 on my way out of Chi-town back in 1980. And $4.65 is about where we are today with inflation.
My opinion is that the 2008 crash will have been worse than the result of today's economic dilemmas.
I've been an active and mostly successful investor and home owner over 40 years. In 2008 I along with my advisors planned with investments and housing for the very worst of economic outcomes, and that strategy was financially successful in many ways.
Not doing that today, and basically standing pat.
I think that inflation is peaking or even peaked, and will return to more normal numbers within a few years. I think that the main basis for the bulk of recent accelerated inflation has been Pandemic related and now the recovery. And then the War. Of course nothing is definite, but if the Pandemic continues to mitigate, and the War no more outrageous, then the worst may already be over.