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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]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] The PPI was much higher, like much much higher That is the wholesale index. What this means is, the price are going way up and the companies have not yet passed it on to consumers, which they will when they run out of inventory. But look around you, there are massive sales everywhere. Prices going up this high on some things, like furniture, is not sustainable. There are huge labor day sales bc the inventory is not moving. People cannot afford all the inflation at once, wages not keeping up.[/quote]
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