If you do not understand why a bad but not real bad inflation number makes the market happy: it means it takes a little pressure off the Fed to keep raising interest rates to stifle the stupidity the Democrats keep trying to impose.
Conservative. Idaho. Software engineer. Historian. Trying to prevent Idiocracy from becoming a documentary.
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Wednesday, August 10, 2022
The Inflation Number Was Bad, But Better Than The Expected Tragedy
The stock market recovered nicely today, up about $27K for me.
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