The meme is a graph comparing the current inflation rate to previous inflation rates, with the current rate being significantly higher. The graph is titled "The current inflation rate is not like the past" and features a quote from a 2023 article stating "The current inflation rate is not like the past, it is like 1980."
2023-12-17T06:02:11+00:00
Aroto The current rise in mortgage rates is similar to what we saw during the Volcker disinflation % pts Change in 30 year mortgage rates as home sales move from peak to trough ® mm 974 om 979 —1980 ——1988 2005 —2021 5 aa 4 3 2 1 : ST ee ES 1 -2 oO 3 6 9 12 15 18 21 24 27 30 33 36 Months from peak to trough Sauce NAR vr yc de Mx, amb, ple cor 's