Quote:
Originally Posted by chassis
In other news, the PPI continues its months-long run in deflationary territory.
PPI is dropping.
Prices at the producer level are falling, and have done so for some time.
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Every single stance you've taken has been on the side of the corporations and corporate profits... not sure how dropping PPI means anything if it's not reducing CPI... also PPI has little input into services which area leading inflation now. Normal, everyday people are struggling and have been for 2 years now.
Quote:
Originally Posted by bagekko
The market has done better than expected in 2024, friend suggests it might continue doing well up to the election. I don't know, seems like everyday a major corp is laying off, Cisco just announced large layoff today. Local food bank is begging for donations saying demand is up 65% this year. Inflation is no where near under control, SB ad should of clued everyone the govt is desperate and unable to do anything.
So my question to the group, does the positive market continue at least for the next; 1 month, 3 months, 6 months, or up to weeks before the election?
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The market will continue to do well for as long as the Gov't continues to paper over the problem... which could be forever. As far as corporations... not any upside in stock these days is led by some false AI claims or unemployment and divestitures that lead to more profitable companies... again, nothing that comes back in the hands of working people outside of shareholders. This is literally the economy we've setup.