08-08-2023, 06:11 PM
(08-08-2023, 06:05 PM)basballguy Wrote: What?All of those improved in June.
Are you still banking on CPI as the sole basis for this discussion?
CPI increased by just .2% MoM last month which was a nice change of pace. The current projection is we'll get a .4% increase for august....which, in my opinion, is fine.
However, we've already been crippled by inflation. Unless we start seeing negative CPI data MoM, there's no point in trying to use CPI as a basis for Bidenomics.
What you should start looking at for the rest of the year are wages, employment, and debt.
Do you mean to say inflation Trump left us by printing $Trillions backed by nothing, manipulating the fed, massive tax cuts for the top 5%, and increasing our national debt by 40% is what has us in this mess, and Biden's infrastructure bill is starting to build us out of this. Inflation doesn't happen overnight, nor is it solved overnight. 2024 will be a great year for us economically, so we can expect the stock market to go Gangbusters in 2024.
