To: SmokingJoe
We have tremendous inflation in what exactly?
Where is the inflation at?
I don’t know where you live
real estate
stocks
food
utilities
Everytime I go into the hardware store I can point at something and say it was half that price 6 years ago.
50 posted on
07/06/2020 6:08:17 PM PDT by
PeterPrinciple
(Thinking Caps are no longer being issued but there must be a warehouse full of them somewhere.)
To: PeterPrinciple
The consumer price index (CPI) from the Bureau of Labor Statistics and the personal consumption expenditures price index (PCE) from the Bureau of Economic Analysis say otherwise.
The annual inflation rate in the US eased to 0.1% in May of 2020 from 0.3% in April.
https://tradingeconomics.com/united-states/inflation-cpi
To: PeterPrinciple
As far as stocks are concerned, the stock indexes rise or fall for the most part, according to the earnings of the firms that make up the indexes. So for example, the Nasdaq is hitting record levels in part because Microsoft, Google, Amazon, Apple which make up a big chunk of the Nasdaq 100, had great earnings first quarter and are expected to have great earnings second quarter as well.
Stock market indices have nothing to do with inflation.
To: PeterPrinciple
So prices DOUBLED in 6 years at your hardware store?
Find someplace else to shop.
74 posted on
07/08/2020 9:28:35 AM PDT by
Red in Blue PA
(You can vote your way into socialism, but you have to shoot your way out.)
FreeRepublic.com is powered by software copyright 2000-2008 John Robinson