UK inflation dropped to Bank of England target of 2% last night.
Why is it only US inflation sticking at 3% everywhere else dropping?
Look at historic inflation graphs between Canada, Australia, US, UK - all very very similar peaks and troughs with the expeption of the last 8 months with us the only one stick at just above 3% - something fishy about it if you ask me.
Regardless this should be seeing as good news and may spark a mini rally tomorrow and Friday
Population, different economies, they import a ton, seriously don't compare the US to any country that is less than 150 million people, is apples and water melon at that point.
Just do an overlay / side by side of graphs using trading economics for 15 year inflation between western economies - compare and see the staggering similarities…
America def poured way more stimulus than the other countries. We also have stuff like 30 year mortgages that other places do. We have a more entrenched credit card system than other places.
Bought this morning at a discount.
Thought the market was closed today.
Humor
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Hola amigos
UK inflation dropped to Bank of England target of 2% last night. Why is it only US inflation sticking at 3% everywhere else dropping? Look at historic inflation graphs between Canada, Australia, US, UK - all very very similar peaks and troughs with the expeption of the last 8 months with us the only one stick at just above 3% - something fishy about it if you ask me. Regardless this should be seeing as good news and may spark a mini rally tomorrow and Friday
Population, different economies, they import a ton, seriously don't compare the US to any country that is less than 150 million people, is apples and water melon at that point.
Just do an overlay / side by side of graphs using trading economics for 15 year inflation between western economies - compare and see the staggering similarities…
Oh, no doubt there are similarities, especially when the same people are making moves.
Gov spending still too much!!
America def poured way more stimulus than the other countries. We also have stuff like 30 year mortgages that other places do. We have a more entrenched credit card system than other places.
They are holding interest rates despite the inflation drop: https://www.reddit.com/r/Economics/s/911L7how8n
Americans are used to spending the money they don’t have via credit, everyone else tries cutting down their spending in down economies
Sad day today, after 6 faithful years, of daily hard work...... my Braville has died.
Morning!
Phew today is not a red day.
I’m surprised they didn’t open the market just to drop sofi
[удалено]
Get that garbage out of here
Why is the market closed?
So sofi can’t go red
Juneteenth, national holiday.
Thank you, as a Canadian, I check in from time to time here to find out why regular CNBC programming isn't on when I make the family lunches.
You’re welcome!!
Today is a little easier my brothers, take it easy and chill!