Really? My Goodness...

 

Key inflation measure that the Fed follows rose 0.2% in October, less than expected

How many times 

can you pretend to be happy 

about something not rising

 as quickly as you thought 

it was going to.

Until you just admit that its still going up?

You see kiddos?

The truth dont care about "spin". You cant "spin" or wish your way out of this one.

"Inflation rose in October about in line with estimates, sending a sign that price increases at least might be stabilizing, the Commerce Department reported Thursday."

(Yeah..."at least", "might be", "stabilizing" notice it didn't say receding or going down?)

"The core personal consumption expenditures price index, a gauge that excludes food and energy and is favored by the Federal Reserve, rose 0.2% for the month and was up 5% from a year ago. The monthly increase was below the 0.3% Dow Jones estimate, while the annual gain was in line.

(Pop the champagne honey! 

It was .1% less than expected while still going up! 

Yippie!)

"The gains also represent a deceleration from September, which saw a monthly increase of 0.5% and an annual gain of 5.2%."

"Including food and energy, headline PCE was up 0.3% on the month and 6% on an annual basis. The monthly increase was the same as September, while the annual gain was a step down from the 6.3% pace."

“This morning’s data was a goldilocks report as it showed core inflation continuing to drop,” said Chris Zaccarelli, chief investment officer for Independent Advisor Alliance. “If inflation keeps coming down, then markets will keep running higher, as investors will conclude that the Fed won’t need to raise rates as high, or keep them high for as long, as previously expected.”

(So say The False prophet of economics.

How many times I gotta keep referencing this verse?

1 Thessalonians 5:3

For when they shall say, Peace and safety; then sudden destruction cometh upon them, as travail upon a woman with child; and they shall not escape.

So...Im just trying to wrap my head around things a lil bit here...

Nobody out there in the world of:

Economics?

Finance?

Wall Street?

Fed Watchers?

Investors?

Banking Et al.?

None of them know that the only two times we have ever tamed inflation without the federal funds rate getting above the rate of inflation was during the financial crisis and the Covid pandemic? Those sound like a good way to tame inflation to you?

Nobody knows this?

Because nobody is saying it, that's for sure.

Except the guy living in a garage with no internet.

Why would that be?

Ya might wanna reference Haggai 2:23...

These people...My goodness...

"at least", "might be", "stabilizing"

You haven't seen anything yet...