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re: What do people think about the market since Powell’s comments yesterday?
Posted on 3/7/24 at 7:50 am to dualed
Posted on 3/7/24 at 7:50 am to dualed
[quote]Still not convinced we’re beating inflation.[/quote
Inflation was 8% in 2022. It’s around 2.8% today. It sounds like you want deflation, if this is not considered beating inflation to you. Sustained deflation would be worse than inflation. Prices are never going down by 8%. People hoping for that are living in a fantasy land.
Inflation was 8% in 2022. It’s around 2.8% today. It sounds like you want deflation, if this is not considered beating inflation to you. Sustained deflation would be worse than inflation. Prices are never going down by 8%. People hoping for that are living in a fantasy land.
This post was edited on 3/7/24 at 7:54 am
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