Danielle DiMartino Booth Latest - WE ARE IN RECESSION
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- Опубликовано: 29 июн 2024
- Hard Assets Alliance For All Your Gold Needs: : hardassetsalliance.com/?aff=BSC.
Danielle shares her thoughts on her favorite football team, the Fed, the U.S economy, and her next book.
substack.com/@UCYPBim2ARV9Yrq...
quillintelligence.com/
Timeline
00:00 Intro
00:35 Cowboys Fan?
01:05 The Fed
04:55 Thoughts on Economy
06:12 Record Layoffs
07:28 US In Recession
07:50 Interest Rates
09:58 Higher Inflation?
12:30 Super Core Inflation
13:47 High-End Consumer
14:20 Is Fed Making Policy Error?
16:26 Impact Of Election
17:11 My Concerns
19:05 Another Book?
20:14 Conclusion
WAIVER & DISCLAIMER
If you register for this webinar/interview you agree to the following: This webinar is provided for information purposes only. All opinions expressed by the individuals in this webinar/interview are solely the individuals’ opinions and neither reflect the opinions, nor are made on behalf of, Bloor Street Capital Inc. Presenters will not be providing legal or financial advice to any webinar participants or any person watching a recorded version of the webinar. The investing ideas and strategies discussed on this webinar/interview are not recommendations to buy or sell any security and are not intended to provide any investment advise of any kind, but are made available solely for educational and informational purposes. Investments or strategies mentioned in this webinar/interview may not be suitable for your particular investment objectives, financial situation, or needs. You should be aware of the real risk of loss in following any investment strategy discussed in this webinar/interview. All webinar participants or viewers of a recorded version of this webinar should obtain independent legal and financial advice. All webinar participants accept and grant permission to Bloor Street Capital Inc. and its representatives in connection with such recording. The information contained in this webinar/interview is current as of April, 2024, the date of this webinar/interview, unless otherwise indicated, and is provided for information purposes only. Bloor Street Capital was paid a fee for this Interview.
What do you think of Danielle's favorite football team or her view on the U.S. economy? Let us know below.
Why no timestamps?
Too much of a Fed cheerleader.
Didn’t like the old photo of her. Kind of click baity. She looks great in her current age.
@@issenvan1050 We will work on this!
@@ask_why000 Really? I didnt hear her say 1 positive thing aside from thm being much less political then past Feds.
The only American who won't acknowledge this Administration's failed economic policies is Joe Biden. "Shrink-flation' is the least of our worries compared to rising rents and stagnant wages, but it is an undeniable indicator of how bad our inflation has gotten. I have $100k that i like to invest in a non-retirement account, any advice on that?
I would avoid index funds, mutual funds, and specific stocks for the time being. Right now, the best option is a fixed income of five percent. Put money aside for the times when the market really starts to bounce back.
Investing is not necessarily a rollercoaster if you know your way around the market, there are various opportunities in the present market to accrue good profit, If you are not too savvy with the market, just buy and hold on strong companies with good earnings, or consult with advisors on ETFs and actively managed funds.
I'm intrigued by this. I've searched for financial advisors online but it's kind of hard to get in touch with one. Okay if I ask you for a recommendation?
There are a handful of experts in the field. I've experimented with a few over the past years, but I've stuck with ‘’AMBER KAY WRIGHT” for about five years now, and her performance has been consistently impressive. She’s quite known in her field, look her up.
I appreciate this. After curiously searching her name online and reviewing her credentials, I'm quite impressed. I've contacted her as I could use all the help I can get. A call has been scheduled.
I think investors should always put their cash to work, especially In 2024, we'll start to see more market diversification. I'm hoping to invest about $350k of my savings in stocks against next year. Hope to make millions in 2024.
Since risk is at an all-time high right now, perhaps you should be a little more patient and return when it has decreased. Alternatively, you can consult a trained financial expert for strategy.
Yes true, I have been in touch with a brokerage Advisor. With an initial starting reserve of $80k, my advisor chooses the entry and exit commands for my portfolio, which has grown to approximately $550k.
I’ve been looking to switch to an advisor for a while now. Any help pointing me to who your advisor is?
"Angela Lynn Shilling" is the licensed advisor I use. Just research the name. You’d find necessary details to work with a correspondence to set up an appointment..!
I searched for her full name online, found her page, and sent an email to schedule a meeting. Hopefully, she responds soon. Thank you.
This lady should be head of fed. Fed members are giving insider information to associates prior to making a speech and cashing in on market movements due to their words.
It's Jimmy Connor, thanks for the comment and for taking the time to view our content! Well we know Nancy Pelosi is getting inside info.
I like that Danielle shares her concerns about the workers loss of job due to store closures. She seems to care about the people
It's Jimmy Connor, thanks for the comment and I agree! That's what makes this country great...the everyday men and women who are working their asses off to provide for their families.
Of course she cared for people, it’s essential to her job
we workers are getting screwed by the gov
You work for 40vrs to have $1m in your retirement, Meanwhile some people are putting just $10k in a meme coin for just few months and now they are multi millionaires. I pray that anyone who reads this will be successful in life.
As a beginner what do I need to do? How can I invest, on which platform? If you know any please share
The very first time we tried, we invested $1000 and after a week, we received $7500. That really helps us a lot to pay up our bills.
Still regret that I sold my bitcoin early last year, even after my colleague insisted we shouldn't.
Please Is Bitcoin still a safe buy to outperform the market this year? I still kept my money in the money market and with over $120k maturing soon, I plan investing well in it. Here for ideas
As a beginner investor, it's essential for you to have a mentor to keep you accountable. Myself, I'm guided by Ariel Elizabeth Frankel. A widely known crypto consultant
YES!!! That's exactly her name (Ariel Elizabeth Frankel) so many people have recommended highly about her and am just starting with her from Brisbane Australia🇦🇺
Danielle is so right about the current state of affairs for average working people.
5% unemployment is when workers change jobs for better paying jobs
It's Jimmy Connor, thanks for the comment and for taking the time to view our content! Yes the average person is just trying to hold it together working 2 or 3 jobs. Meanwhile wages are not going up but prices still are.
5.01 Danielle's eyes nearly pop out her head when he said the economy is doing well 😂
It's Jimmy Connor, thanks for the comment Fiona! Yes I noticed that. 🤣
Warren Moon was the most under rated player in the NFL. He was 9x Pro Bowler, Offensive Player of the Year, Passing Yards and Passing TD Leader and though he never won a Super Bowl he did win 5 Grey Cups (Canadas Super Bowl).
It's Jimmy Connor, thanks for the comment Jamie! I totally forgot about Warren Moon until Danielle brought his name up. Great player!
I'm a Browns fan. There were great games between the Kosar led Browns and Moon's Oliers back then.
I’m a Browns fan too - that was a great era in football. Oilers, Browns, Bills…great games.
@@lot2196 oh yeh good old days!
I love Danielle. She is wonderful
It's Jimmy Connor, thanks for the comment Jacob! Danielle is a fan fav and full of information!
I love hearing Danielle speak. Her depth of knowledge is unmatched. Another suggestion for your channel would be Kyla Scanlon. She doesn't have the experience of Danielle but easy to follow. Thanks
It's Jimmy Connor, thanks for the comment and the suggestion Maria! I am not familiar with Kyla but will check her out.
Hi Jimmy, think you can get Danielle back on for longer next time?
@@BennyJeters yes please get her back and talk football ahead of the upcoming draft
@@dannymcneely fuck yeah! Watch her and Bill Belichick argue about first round draft grades! Then afterwards they do some mud wrestling!
@@BennyJeters It's Jimmy Connor, thanks for the comment Benny and yes we will try! What else would you like to hear from Danielle?
Anytime DDB talks, I listen!
It's Jimmy Connor, thanks for the comment Jorge and for taking the time to view our content!
"Fed up" that made laugh what a great title
It's Jimmy Connor, thanks for the comment Chris! Yes, it is a great title.
Thank you 🎉🎉🎉
It's Jimmy Connor, thanks for the comment and for taking the time to view our content!
Great interview with a great guest.
It's Jimmy Connor, thanks for the comment Paul and for the ongoing support!
My truck insurance went up 50% in September.
It's Jimmy Connor, thanks for the comment Erin! That is shocking! Give they provide a reason why?
@@BloorStreetCapital our insurer left the state and that was the next cheapest from our broker.
@@erinsweet8147 Wow that is really painfull. So tough to get ahead these days. I cracked my windshield and its going to cost me $3500. Im leaving it for now.
Danielle is a wealth of information on the economy. But one thing that she may not realize because she is so close to the problem is that when she says the things that the FED has control over, she means benign control over. The FED can bring down all inflation by crushing the economy. But they can only bring down inflation on very few things in a benign way. That's one of many reasons why recessions are a necessary part of the economic cycle. All inflation must be brought under control.
It's Jimmy Connor, thanks for the comment Peter and for taking the time to view our content!
Does the spending of the super rich have a significant effect on inflation for the under 70-50%ile crowd? Metrics to use for measurement would be difficult for super rich while poorer folk are just the big mass of data that can best be used/ spun for power. As shown by Powell's choice for best metric for inflation as highlighted by QI Research.
It's Jimmy Connor, thanks for the comment Jeff! I will bring this question up the next time I speak with Danielle.
I watch the Street on the Net which deals with Chapter 11 and 7 retail. Bed Bath & Beyond, Tuesday Morning, Boston Market, Express, etc. Over 1200 mom and pop businesses.
It's Jimmy Connor, thanks for the comment! Yes the US economy is in dire straights and so too is the Canadian economy. In fact, the Canadian economy is in even worse shape. Our productivity numbers are at zero and our GDP per capita has been shrinking for 5 years.
@@BloorStreetCapital Jimmy have your read Ray Dalio's books or had him on your show? I have read his book and watched his numerous videos.
@@hugh009 Oh yeh love Ray Dalio. I would love to have him as a guest.
@@BloorStreetCapital I sure hope you can get him on your show!
Thanks for the advice! I'm new to financial planning and wasn't sure where to start. Any tips on finding a reliable financial adviser or resource to guide beginners?
As a beginner, it's essential for you to have a mentor that is verified by finra and SEC to keep you accountable. I'm guided by a widely known financial consultant Stacey Macken
Wow, I'm supprised Stacey Macken is being mention here. I started off with 5K.... Now with massive portfolio highly recommended...
This Woman has really change the life of many people from different countries and am a testimony of her trading platform
I met Stacey Macken at a conference in 2018 and we have been working together ever since.
Though I started with as low as $13,000 actually because it was my first time and it was successful, She's is a great personality in the state
Danielle with the Warren Moon name drop! ❤ It!
It's Jimmy Connor, thanks for the comment Mike! Yep, I totally forgot about him until she mentioned it.
I love Danielle eye makeup ❤❤ she look stunning ❤❤ world recession . We just don’t realize that.
It's Jimmy Connor, thanks for the comment! I will be sure to pass it along!
Warren Moon was awesome.
He 'da man!
Warren Moon ftw
BOOM!!!
Investors are still in denial about the fundamentals of the economy. They expect rares will soon be cut and believe the topline GDP numbers signal a strong economy. However, they dont. Credit card balences are maxed out, more credit is hard to come by for consumers, a ton of companies are about to beforced into refinancing their debs at far higher interest and the regional bank backstop program is out this month. There's also the fact that inflation ticks higher than expected every single time the markets believe a rate cut is around the corner and a rate cut would cause a surge in inflation. The fed sees this stuff, guys. The only wild card for us investors is to actively engage the market by trading, we always over complicate things when we speculate. It's not about guessing the market's next move; it's about playing it smart and steady during trading...managed to grow a nest egg of around 100k to a decent 732k in the space of a few months... I'm especially grateful to Linda Wilburn, whose deep expertise and traditional trading acumen have been invaluable in this challenging, ever-evolving financial landscape.
She's often interacts on Telegrams, using the user-name.
@Lindawilburn
I appreciate the professionalism and dedication of the team behind Linda’s trade signal service.
Trading with an expert is the best strategy for beginners and busy investor s who have little or no time to monitor their trades.
The key to financial stability is having the right investment suggestions for a diverse portfolio. Many investment failures and losses happen when you invest without proper guidance..
When you say shareholders like that makes sense why this all inflation spending so on happening
A day later, gdp was reported to have slowed dramatically to 1.8 %
It's Jimmy Connor, thanks for the comment! Yes and what a surprise given expectations were for 2.4%. Not sure what this means for inflation and IR but I guess we will find out at the next Fed meeting.
@@BloorStreetCapital its more support for what Danielle was saying I would say. Fed isnt going to budge is my prediction.
Good analysis. I agree with her
It's Jimmy Connor, thanks for the comment and for taking the time to view our content!
Chair Powell is my hero keep those rates high keep that balance sheet running off sir, houses have more than doubled and so have rents if you didn't already own your home you've been decimated!
It's Jimmy Connor, thanks for the comment John and for taking the time to view our content!
I see the exact opposite when it comes to politics. I believe cutting rates right before the election will be an effort to help Biden's reelection chances as voters will see it as a "good thing" that rates will start to come down. Even though the FED only cuts when there is an economic bust.
It's Jimmy Connor, thanks for the comment! It will be interesting to see what the Fed does in the coming months.
We have been in recession since first quarter of 2023.
It's Jimmy Connor, thanks for the comment but not according to the government (they keep changing the definition).
Enjoyed Ms. Booth's prespective on bonds being cut.
It's Jimmy Connor, thanks for the comment and for taking the time to view our content!
2-year & 10-year haven’t un-inverted yet, though!
It's Jimmy Connor, thanks for the comment! You raise a good point and I should have brought it up.
Warren Moon was one of the greats….loved watching him fling the pigskin as a kid!
It's Jimmy Connor, thanks for the comment! I was checking him out online and didn't realize he had such an extensive career both in the US and Canada.
5% unemployment is when workers change jobs for better pay jobs
The Houston oilers had the coolest helmets, sad to see them change their team name
But doesn’t the inerted YC hurt regular banks? Why would Powell want to be higher for longer? He must be high, for sure!
It's Jimmy Connor, thanks for the comment! I think higher for longer indicates how strong the economy is and how strong inflation is. Inflation will not come down.
@@BloorStreetCapital There is going to be below-2% CPI w/ a recession come 2025. Perhaps you should interview Hanke again to refresh our memories.
The economy is doing great if youre rich. Tetrible if youre working class. Past inflation has solidified as higher prices and we still have some amaoubt of inflation.
I think the comment about "Supercore," subcomponents, Auto repair and insurance, being stripped out of the equation equaling a near 2% inflation rate, isn't accurate. Here in the U.S. and likely most of Canada having auto insurance, if your a citizen, isn't optional. Having your car fixed or maintained is necessary to maintain a minimal mobility.
Excluding those two components is as useful as excluding food and energy. I usually agree with DDB, but I've drawn the line.
It's Jimmy Connor, thanks for the comment Ralph! You raise an interesting point about minimum mobility. The cost to own and maintain a car is crazy now. I just my windshield and its going to cost $3k.
If the economy implodes, it will be death by a thousand small cuts, not a housing crash. One big hurricane in Florida and the insurance nightmare goes up again.
Is the treasury market mispricing the reality/odds of a recession?
Bloor Street?
should be Booth Street...
Would DXY go down during “this” recession, as Jeffrey Gundlach suggests?
Oil prices do not cause inflation! That’s putting the cart before the horse!
I remember Moon playing second QB in Hamilton.
It's Jimmy Connor, thanks for the comment Bruce! Wow I didn't realize that. I remember when he was in Edmonton. What year was he in Hamilton?
@@BloorStreetCapital Must have been around 1976 or so. I'm not sure if he ever got on the field. I remember when he played well in Edmonton and wondered why Hamilton let him go.
@@bruceposch1449 wow I hate getting old.
@@BloorStreetCapital better than the alternative they say.
University of Washington fan..Warren Moon our quarterback...many MOONS ago.
i probably be layoff in a couple of months.
It's Jimmy Connor, thanks for the comment and sorry to hear that. It is very tough out there and is going to get worse.
James needs to read ShadowStats by John Williams. Fed Reserve is full of BS.
It's Jimmy Connor, thanks for the comment/suggestion! I will check it out.
I wish someone could put together a bunch of clips of her making past predictions. She's been wrong on everything from car prices, interest rates & the big recession. She's just been getting it wrong. I guess to be fair all economists have gotten it wrong so far.
It's Jimmy Connor, thanks for the comment Denny! I would like to do that with a bunch of people. Did you ever see the one of Dave Portnoy and his discussing the markets? It's halarious!
How come higher for longer w/ the Treasury’s current debt burden?
"Fed chairman Powell is least political" yeah.... yikes! How many of you believe that?
Yep that's like saying the Supreme Court isn't political.
"I'd like to ask you some very intimate questions" Lol.
It's Jimmy Connor, thanks for the comment Scotty! Yes, I guess that could be misconstrued.
Didn’t we have a recession about 3 years ago?
Danielle - "If you remove auto insurance and vehicle insurance supercore is only at 2.4%" 🤣 She's taking CPI which is obviously manipulated down, then add on core, then add on supercore now let's strip auto insurance and maintenance out and its only 2.4% Whoila! What matters is what real economy and people actually experiencing. Majority are experiencing inflation north of 5% still these days. Hello stagflation as Fed prepares to cut rates and turn stealth backdoor QE back on through banks reserve ratios being removed.
It's Jimmy Connor, thanks for the comment James! I agree that inflation is much higher then most are acknowledging. You should see what we are paying for gas in Toronto!
I am so glad Danielle corrected him, how out of touch with reality could this guy possibly be trying to tell her our economy is booming. It boggles the mind to listen to such stupidity
Thanks for the comment Bryan! One of the things I try to accomplish is to argue the point or take the other side so the guest can present their case in a cohesive manner. I actually believe Danielle in that the economy is being manipulated and is in worse shape then we are lead to believe.
Why no timestamps?
We just put them in!
@@BloorStreetCapital 👏🏻
Must disagree with the recurring narrative that Daniel says Chairman Powell does not influence inflation. He has done his job, horribly in terms of QE policy over the past decade or so that has driven inflation to where it is today resulting in high house, car and everything prices. Current everything bubble will collapse when Fed faced with increasing inflation can’t cut rates resulting in stagflation then recession.
Both the Fed and the Federal government are responsible for this sky-high inflation but the real paradox now is that Biden is still spending trillions of dollars resulting in higher inflation but Powell has implemented one of the most restrictive monetary policies of all time trying to get inflation down. Bottom line is though inflation is not going away.
@@BloorStreetCapital, Agreed. Federal Government, and us taxpayers responsible for electing politicians who continually deficit spend are just as culpable. While I agree that Powell has been agressive with rate hikes in terms of duration implemented,they are still at historical averages. Powell's hands are tied as in my opinion they'll need to be raised further but the Fed has hamstrung themselves with lies about transitory inflation, rate cuts and a strong economy.
We've (FED & Fed Gov) kicked the can as long as possible, it appears this is no longer sustainable and many at upper levels of policy makers are finding out they're not as smart as they thought they were in terms of sound fiscal and economic policy. Too bad us middleclass will suffer from their mistakes!
This is all a short term slowing of rate of increase in cpi simply because of the drastic increase in gov spending.
I knew this when the govt gave away stimulus money
Relying on theoretical models is how managerial control is maintained through executive tenures
It's Jimmy Connor, thanks for the comment Jen and man, are you ever correct!
There is. Dump LT treasuries and force a fiscal reform. Just happened across the pond. You can't watch them do neo-operation twist and say "there is no easy anwer. " Or be like Volcker and criticize the govt deficit spending creating inflation like Volcker did to Reagan.
It's Jimmy Connor, thanks for the comment and for taking the time to view our content!
ffs. She has been saying we have been in a recession for at least 6 months. I guess if she says it long enough she will be right. First Quarter was 1.6% of growth. She never was on the Fed Board. She was an advisor
It's Jimmy Connor, thanks for the comment and for taking the time to view our content!
Sorry don't see it. We are not in a recession and inflation is no where close to being under control.
The US economy sucks. Insulation is 10 to 12%. Unemployment is high and whatever jobs are being created pay very little, and I know that because I had retirement jobs paying $13 an hour. And any other jobs appear to be part-time. You guys are out of your mind.
It's Jimmy Connor, thanks for the comment Mike! This economy is in real danger. The government is spending trillions of dollars to keep the economy afloat for the election. After that it caves so get ready!
@@BloorStreetCapital jimmy, I don't know how much you listen to other video channels, but Liberty and finance had GREGORY MANNARINO on.
ruclips.net/video/Kpg7pI_hI-4/видео.htmlsi=FVlARPUq96O2cPJT
You'd have to be from New York to appreciate this straight talking Ginzo but at the end, 23 minutes in, he lays it out, that the Central Bankers are in control, and that they have been since 1913, probably since the Rothschilds. Buddy, I'm Jewish, but I do not trust "my kind." ... And, no, "the other guy" wouldn't have made any difference. I'd like to have believed so, but I don't think he's anything but bought out like the rest. ... In his case? He might be sold out to his own ego.
Were not in a recession yet
It's Jimmy Connor, thanks for the comment and for taking the time to view our content! Not yet but time will tell!
Take anything she says with a grain of salt. "a sh*t leopard can't change its spots!"
Jealous - it is only 12C (= 53.6F) in UK.
It's Jimmy Connor, thanks for the comment! I love London but hate the weather and the prices! Because of the ever depreciating CAD it costs me $8 for a cup of coffee.
Why do we care what inflation is without auto insurance? We are all forced to have auto insurance… you can’t take that out-it’s significant. Daniel needs to relax… 😂 she’s getting lost in her own sauce… auto insurance should be heavily weighted as we have to have it
Yes especially when it's the highest increase since the 1970s. Inflation and price gauging is pervasive. I went to a restaurant last week in Toronto for lunch and the Black Cod was $80 and the Dover was $120. Like wtf! I cracked my windshield and they want $3k to replace it. Crazy!!!
Bloor Street? The Onion has a more serious name.
It's Jimmy Connor, thanks for the comment and you're right, maybe I should change it to Onion Street or Onion Capital or Onion Resources or Onion Communications or Onion Media. The possibilities are endless!
If we are in a recession better not see anymore ATH's for the stock market or once again she will not know what she is talking about. Higher stock market means more cash to spend and better earnings. Doesn't sound like a recession to me.
It's Jimmy Connor, thanks for the comment Gabe! I agree, to me the stock market is a barometer of how well the economy is doing but anytime I bring this up with 'experts' they say the stock market is not the economy and vice versa.
Im Canadian and I am embarrassed as to our interviewer s response to basil 3. You missed the crux of an important point
It's Jimmy Connor, thanks for the comment Dean but I can honestly say I know nothing about Basil 3 and I'm not ashamed to admit that.
is that a plant
WHEREFORE seeing we also are compassed about with so great a cloud of witnesses, let us lay aside every weight, and the sin which doth so easily beset us, and let us run with patience the race that is set before us, Looking unto Jesus the author and finisher of our faith; who for the joy that was set before him endured the cross, despising the shame, and is set down at the right hand of the throne of God.
I usually like listening to Danielle but this interview, not so much. Felt like lots of rambling on
It's Jimmy Connor, thanks for the honest comment Tom. Maybe it was my questioning.
@@BloorStreetCapitalI haven't heard other interviews you've done so not sure. Might have just not been a good day. Thanks for your reply
Spending is high because everything is so expensive!!! GDP is high because of government spending! All of this is baaaaaaadddddd. We are at the beginning of a depression
It's Jimmy Connor, thanks for the comment Michelle! I hope you are wrong about the depression.
Traders are positioned for higher rates? Lmao ok
It's Jimmy Connor, thanks for the comment Adam! Yes, not exactly sure what Danielle met by that but as a Canadian I can tell you these higher rates are causing the USD to increase significantly against CAD and its going to be a long time before I can travel to the US.
"how is the economy doing" you say recession - that's so alarmist and you are totally incorrect.
This woman has been wrong for a long time. What value does her opinions have?
It's Jimmy Connor, thanks for the comment James but no one really knows. We all look at the same data and form different opinions.
Mr. Transitory Powell is not that intelligent, don’t overestimate him, Danielle.
Funny how the host thinks the economy is great. She was too kind to him.
It's Jimmy Connor, thanks for the comment Scott! I am trying to put forth a narrative with the intent of her pushing back. IMO the economy and the consumer, which represents 70% of the economy, are both in real trouble.
@@BloorStreetCapital JImmy, thanks for response, first time viewer. You have a good technique, I was ready to push back too ! :)
Always believe a woman.
LOL you're wrong.
MADAM, CAN YOU DEFINE WHO EXACTLY ARE 'PRACTITIONERS'? THE REAL PROBLEM WITH INFLATION AND ITS EFFECTS - ARE DIFFERENT FOR DIFFERENT INCOME LEVEL PEOPLE... SO WE NEED TO HAVE A 100 PRACTIONERS (PROVIDED WE ARE ABLE TO IDENTIFY WHO THEY ARE) AND THEN TAKE AN AVERAGE...AND THEN YOU WILL GET INTO PARADOXes - that their figures may show zig zag patterns... which theoretically look improbable.. like a poor fellow saying inflation is okay can be tolerated, his next level fellow crying tears, and his next again saying tolerable . i guess you get my point
It's Jimmy Connor, thanks for the comment! You raise many good points because someone who is making $50k is impacted far more then someone making $250k due to the ravishes of inflation.
Speak for yourself 🤓 🖕