Friday, November 11, 2022

Clearly the interest rate beatings will have to continue until stock market morale improves

It's a small point, but the stock market cheerleaders, who are ubiquitous, consistently report year over year inflation as 7.7% when it's 7.8%.

Nothing must get in the way of the narrative, especially convention.

Meanwhile, the inflation regime is a giant wealth transfer scheme from you to them. But student loan forgiveness was the anesthetic to make young skulls full of mush forget on Tuesday.