I doubt they will ever allow savings rates higher than inflation...They want you to spend and risk investment (Like SPY ETF up 20% YTD). Wall Street wants zero-bound so they can have higher asset inflation. They use inflation as a way to default on debt.

Well said.

Is it the the reporting that is fake or is it the stories they report on that are fake?

If the stories are fake do they report it as a unsubstantiated story or they do they push it as fact.

It is my belief most reporters are honest and they report or repeat what the story is.

If they report a "story" they should report along it with the facts.

Some people don't like the facts - they prefer the story.

I just applied with them today!! Thank you for the referral!!!

.25 adjustment
 

A quarter point won’t do anything except create some ease and display some stability. It isn’t the end of banks paying decent interest rates and it won’t change loan markets too much.

not sure to exactly what you are referring, but as far as the BLS, Bureau of Labor statistics is concerned, their data is what the FR makes its decisions, but the data has many obvious flaws, and changes downwards to slow the reference rate of annual increases, such as to seniors and other contractual payments over time.


So fake is a hyperbolic description, but for financial data, I would say well documented flawed and inaccurate. The most glaring is the recent change in the calculation of the inflationary rate of insurance, which when restated, reported that the cost of insurance went down year over year in a huge way. . .

And the birth death rate adjustment in labor force participation is an assumption to explain the assumption of the unreported, which also causes issues when all else is stable. . .

good luck

Good post, note fake, but manipulated and massaged to report a flawed and inaccurate statistic that fits the agenda of the entity reporting the statistic. Since the entity compiling and reporting the statistic has an obvious conflict of interest, it would be nice if an independent and objective third party was assigned the responsibility. Unfortunately, that’s not going to happen.

there is a competing site called "Truflation" which attempts to more accurately represent inflation . .

Have a hard time believing that statistic(have heard it numerous times)

Truflation is the only data I even remotely trust.

S&P tracks M2 money supply...Until just recently.

If I could borrow $1M @ 6% and buy SPY/QQQ...Then debt is a good thing.

Selling your labor for money is like throwing away your life in an unbacked fiat currency world. You will be ground down between the tri-millstones of taxes, inflation and mandated insurance. Most Americans do better than inflation by buying desirable real estate.

Every now and then the major media stations will tell you anything so you will believe all is well or getting better.