And the CPI is a fraction of real, total economy inflation... And this is why consumer debt is skyrocketing, and while I believe another financial balloon popping is soon to arrive. I suspect bankruptcies are about to explode to record numbers.
Why do we have to wait for the left to screw things up before the sheeple notice? Is someone out there on our side not doing their job?
Mighta been Ronna but it takes more than one to screw things up.
I watch the bankruptcy filing stats closely and you are correct, there is considerable acceleration in all regions. My sense is that whatever relief was given with all the cash dumped in the Covid pandemic - that has been exhausted and the inflation that people experience in their daily lives has just cored out their finances. I would expect peak consumer filings next year. Thanks Joe!
Yep - and that means the “record highs” in the stock market are worth 25% less than they would have been 3 years ago - so the “records” are actually a sign of stagnation.