December 1, 2022 at 6:45 am
At Tower Club One Financial Plaza, 28th floor 100 S.E. Third Ave. Fort Lauderdale
There remain many questions regarding inflation: Just how bad is it? How do you get rid of it? When will it ease? In the simplest sense, it’s too much money chasing too few goods and services. Demand outstrips supply and the ‘curves cross’ higher up the price axis. We pay more for everything. By the latest and greatest numbers – overall 8.2% more.
Practically speaking, everything costs more than 7.7%% than it did the month prior. Food is up 10.9%; energy 17.6%. In the not-too-distant past, inflation was deemed to be ’transitory’; a fleeting bump in prices that would soon ebb. Didn’t happen yet.
Then came the constant drip-drip-drip of interest increases all intended to slow down the demand and rebalance the supply/ demand curves. Nope, still hanging in there. As interest rates increased, it cooled the real estate markets in some areas.
Followed by the ‘inflation reduction act’ – first time in recorded history that humans will attempt to cool inflation by spending more money.
Come listen and have a discussion with a distinguished group with the requisite expertise and knowledge inform us on
What’s going on? Who’s in charge? What’s happening to us? And if they had the controls, what can be done to fix it for real?
Daniel M. Gropper, Ph.D.
Dean Of The College Of
Retired Regional Executive Of The Federal Reserve Bank In Atlanta
Broward County Market President (Formerly Chairman & CEO Of Legacy Bank Of Florida) | Broward Market President