stocks up, inflation down
Thank you, Joe!
shareGo to the grocery store and look at the prices, some items have doubled since 2019. True inflation is >10% since 2019.
The Left doesn't even bother to take things like housing prices, food, and energy into their scholarly calculus so they can 'massage' the inflation data any way that suits them.
Since August 2007, what 'suits' the Federal Reserve System has been rescuing, coddling, and protecting the almighty stock markets. Everything they do is for the exclusive benefit of stock market gamblers, and everybody else can just go straight to hell..
Inflate 200+%
Deflate 30%
OP = Thank you, Joe! for letting me be your cheerleader.
Gas prices are down, also. Thanks, Joe!
shareDon't they not include food, housing and energy in that calculation? And the inflation didnt go down, it just isn't going up as fast.
shareGalliguy is making shit up.
"The all-items Consumer Price Index (CPI), a measure of economy-wide inflation, was unchanged from September 2023 to October 2023 and was up 3.2 percent from October 2022. The CPI for all food increased 0.3 percent from September 2023 to October 2023, and food prices were 3.3 percent higher than in October 2022.Nov 22, 2023"
https://www.ers.usda.gov › summar...
Summary Findings - USDA ERS
[CITATIONS NEEDED]
None of my stocks are anywhere near the pre-pandemic buying prices I'm locked into.
14% to 12% inflation is nothing to celebrate...yikes.
Gas prices down to depleting strategic reserves is also a yikes from me, dawg.... remember under Trump when oil was at negative prices?
The libs are delusional.
Personally, I don't know anyone who is jumping for joy at the current high food prices, gas prices, and overall inflation.
Few economists believed he could bring down inflation without tanking the stock market and the entire economy. The stock market boom under tRump was largely due to artificially low interest rates, but the current boom is not due to artificial stimulation.
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