*SPROING!*
Diversity is your friend, in cases like these!
Posted on 07/13/2022 5:43:54 AM PDT by Eleutheria5
U.S. inflation reached 9.1% in June, its highest rate in nearly 41 years.
The consumer-price index’s reading for June was higher than May’s annual rate of 8.6% that led Fed officials to shift to a faster pace of interest rate increases.
Stock futures turned negative after the release of the data. Investors are closely watching the data for clues about the outlook for central-bank policy and the wider economy.
.....
(Excerpt) Read more at wsj.com ...
Yep.
When they reported 8.6%, the real inflation was calculated at 11.1%
We will have to wait a day for that “real” calculation to be released (by the real market-makers).
Now we wait to see if stagflation is back.
“We’re probably bouncing off the bottom...”
Are you serious? Try Dow 4000.
First off there is the end of QE. Then there is QT to the extent of selling into the market all QE and TARP assets purchased since 2008 which were used to stabilize then stimulate the markets. Then the MBS assets need to be sold.
Either that or the dollar loses its Reserve currency status.
That’s what they’re up against. That’s all they’re interested in protecting because it’s all they can protect.
Filled up yesterday in Central Florida.
Using my Gas Buddy card I got it for $4.08/gallon off listed price of $4.23. Then realized I was elated to get gas so...um...cheaply?
I graduated college in ‘82. 9% was pretty common during that time.
I remember in my first job, raises came every six months to keep up. Not for long, but for a while.
I’m glad we’re done raising our family, done with their college educations, their weddings. We’ve got the grands now, but my kids don’t ask for much.
I can’t imagine being a young family now — with all the expenses. Then again, a lot of them voted for this mess.
Yep my retirement date is March 2023 UNLESS THE MARKET CRASHES. verbatim what I told my boss.
I see that someone gets it.
It needs to get worse. Americans need to get angry.
brandon and his fellow communists don’t care. They are protected by cost of living increases. They will not feel the pain.
Meanwhile, people who worked all their lives to save something so they wouldn’t be a burden see their savings reduced to pocket change.
Thanks brandon!
To Build Back Better, you must destroy first.
“U.S. inflation reached 9.1% in June, its highest rate in nearly 41 years.”
Really? I hadn’t even noticed. *SMIRK*
Thanks, Brandon, you Un-Elected, Selected POS!
I’ve refused to look at my investment accounts or my PM stash, much like I did for 0bama’s entire Reign of Error. Ugh!
P.S. On the Bright Side, there are plenty of basement bargains to be had now, IF you have $ to invest and haven’t put it all in your pantry and gas tank!
The “Margin Call” movie was extremely slow and boring as far as drama and pacing go, but the financial details were fascinating, for those who are interested in how we almost destroyed our economy in 2008. I watched it with friends who fell asleep but I was captivated by the financial stuff. We humans cannot seem to rise above our greedy nature.
It takes a miracle of grace to do so.
But Jeremy Irons was so good in it.
*SPROING!*
Diversity is your friend, in cases like these!
We all know it is even higher. 9% is all they could lie to.
I think a bottom of Dow 20,000 and S&P 2,700 is more probable.
Dow 4,000? That would be a hellish landscape. An 89% drop. Really?
Beans and Rice. Rice and Beans. Both will be provided to the Proletariat, but no clean water and no rice cookers!
Hey, it worked for Castro! I’m sure it’s in the Socialist Democrat Playbook under, ‘Recipes for Disaster.’
*SPIT*
LOL! Perfect!
Every DAY will be ‘Taco Tuesday’ for the Proletariat if Mrs. Tone-Deaf Brandon has her way!
From last month...
https://www.nytimes.com/2022/05/24/technology/inflation-measure-cpi-accuracy.html
Shadow Stats had it at 17% weeks ago. It’s easily at 20% by now!
I don’t think they’ve adjusted their chart as of yet, though:
http://www.shadowstats.com/alternate_data/inflation-charts
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