Quote:
Originally Posted by dewilson58
Why are people happy with 3.3% inflation??
Stock market jumps.
Buy/Buy/Buy.
I guess it's better than 9.9%.
Are you happy??
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Nope, not happy at all about prices, even if the reported (and highly massaged) statistic showed zero inflation. The damage has already been done. The stuff most important to us, with inelastic demand, like food, insurance, health care, utilities, taxes, etc… has already gone up way more than any reported statistics indicate and won’t be reversed! The last 3-4 years has been painful from a price perspective.
Also not happy with an economy dependent on excessive debt and low interest rates. We live in a twisted world when stocks do good when we get news showing an economic slowdown, because it gives the Fed an excuse to continue with irresponsible fiscal and monetary policy. Shouldn’t the stock market do well when we get strong economic data, and not vice versa?