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Money and Finances
Reply to "Why is wall street ignoring/downplaying inflation?"
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[quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous]Inflation is less than 3. Significantly lower than the previous administration was in charge. [/quote] Oh yeah, Fox News put that in your head? It’s likely much higher. You have no idea what sort of economic maelstrom is brewing because you don’t read actual news.[/quote] CNBC’s most recent rate is 2.7%–where are you getting YOUR news?[/quote] No way it’s only 2.7%. My electricity is 19% year over year. Grocery stores are out of control. Amazon saved items keep correcting up. [/quote] So you get your news from your personal vibes, got it. [/quote] DP, but anecdotal evidence is nevertheless still evidence and yes, it is even *data*. This kind of thing is useful in evaluating whether government press releases track with reality. The opposing viewpoint to this is "Government press releases regarding the economy are accurate, no matter who is in charge". Which is ridiculous.[/quote]
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