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Friday, February 22, 2008

Inflation Fears on the Rise

What's a bubble without inflation?  Just liquid soap?  Chewed gum?  For the U.S. economy, we may not need to ask that question.   

With the rising cost of gas, groceries, medical bills and repeated rate cuts by the Fed, economists worried that the United States is heading for a period of major inflation.  The Consumer Price Index posted a 4.3% gain over the past 12-months and it has been climbing from a level of just 2% last August.

But before you panic and go running through downtown New York real estate like the cast of Cloverfield, know that HotPads will do our part to keep the inflation beast at bay; we're still free to search, free to list, and with no referral fees.

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Thanks for doing your part...free is always good :)

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