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DOW soars 850 points to highest level since August as investors cheer slowdown in US inflation
Morningstar ^ | Joseph Adinolfi + Jaime Chisholm

Posted on 11/10/2022 7:43:14 AM PST by SaxxonWoods

The yield on the 10-year Treasury is on track for its biggest daily decline since 2009

U.S. stocks traded sharply higher on Thursday with the Dow up more than 850 points, as investors cheered a softer-than-expected reading on the October consumer-price index.

Meanwhile, Treasury yields and the dollar retreated on expectations that the Fed might opt for a smaller interest-rate hike in December, with the yield on the 10-year note on track for its biggest daily drop since 2009.

(Excerpt) Read more at morningstar.com ...


TOPICS: Business/Economy; News/Current Events
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To: SaxxonWoods

Biden’s government SAYS inflation is down.


61 posted on 11/10/2022 10:16:28 AM PST by DesertRhino (Dogs are called man's best friend. Moslems hate dogs. Add it up..)
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To: Vermont Lt
But, since wages are not keeping up with inflation, tax revenues won’t either.

They will, or very close.

We'll be paying back the debt and meeting those unfunded obligations with cheaper dollars.

Inflating the debt away is definitely a thing.

62 posted on 11/10/2022 10:37:18 AM PST by semimojo
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To: semimojo

Amazon loses $1T

https://www.zerohedge.com/markets/amazon-makes-history-after-losing-1-trillion-market-value-amid-tech-stock-rout


63 posted on 11/10/2022 10:42:49 AM PST by combat_boots ( )
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To: SaxxonWoods
BOL!

The desperate hope for pain and hardship is hard to kill off, but better times are coming, I know it’s terrible news.

15 posted on 11/10/2022, 7:53:44 AM by SaxxonWoods

64 posted on 11/10/2022 11:19:42 AM PST by Grampa Dave (Vote Republican! They might not be perfect, but the other side is insane!)
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To: SaxxonWoods
What's good for Wall St. is usually bad for Main St.

They also like grid-lock politics...at least they used to.

65 posted on 11/10/2022 11:22:31 AM PST by RckyRaCoCo (Please Pray For My Brother Ken.)
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To: mulligan
After the housing crisis a new phrase was given to economics..."the NEW normal".

As was seen Tuesday, you can keep feeding the sheeple anything you want(if your side owns media/academia/finance)...eventually sheeple will think it's real food.

66 posted on 11/10/2022 11:29:36 AM PST by RckyRaCoCo (Please Pray For My Brother Ken.)
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To: RckyRaCoCo

They also like grid-lock politics...at least they used to.

Grid-lock politics have been good for some of us.


67 posted on 11/10/2022 11:44:04 AM PST by Grampa Dave (Vote Republican! They might not be perfect, but the other side is insane!)
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To: RckyRaCoCo
The reality that hides behind street corners to bash the unsuspecting:

As was seen Tuesday, you can keep feeding the sheeple anything you want(if your side owns media/academia/finance)...eventually sheeple will think it's real food.

68 posted on 11/10/2022 11:47:14 AM PST by Grampa Dave (Vote Republican! They might not be perfect, but the other side is insane!)
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To: tomkat

Wall Street is in on the corruption, it’s all bullsh## (come on back invest your money before the bottom falls out)


69 posted on 11/10/2022 12:15:16 PM PST by ronnie raygun
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To: SaxxonWoods
I love it when any hint of good news makes people so angry.

LOL. You've got a point!

"But the market is rigged!!" people whine.

Okay. It's a still a market to make money, if one is so inclined to make the effort.

70 posted on 11/10/2022 12:20:57 PM PST by Fury
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To: SaxxonWoods

Inflation is not slowing. Fake news. Had to pay off Wall Street because they kept the market up during the election cycle for their fellow Democrats.


71 posted on 11/10/2022 1:31:51 PM PST by cp124 (80% of everything is fake or a lie.)
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To: Vermont Lt

$21.69 per ounce is silver today. I still have some silver (bars) I bought in 1983 at $16 per ounce. Beware of silver in a deflation. What we have today is a combination of some sectors deflating and some inflating.

Gold price is doing very well today. I am kinda shocked. I have not looked for 5 weeks or so. Maybe gold is up due to the current crypto disaster. In my book, the crypto craze has been sucking the life out of the AU price for at least five years


72 posted on 11/10/2022 2:31:38 PM PST by dennisw ("You don't have to like it. You just have to do it")
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To: SaxxonWoods

Yes lay offs strikes supply problem inflation will make a up tick .....................................................


73 posted on 11/10/2022 3:10:12 PM PST by Vaduz (LAWYERS )
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To: semimojo

Debt to GDP has actually fallen over the past couple of years, because of inflation.


74 posted on 11/11/2022 4:10:01 AM PST by babble-on
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