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re: Inflation surges in April as consumer prices leap 4.2%, fastest since 2008
Posted on 5/12/21 at 9:34 am to BlackHelicopterPilot
Posted on 5/12/21 at 9:34 am to BlackHelicopterPilot
quote:The monthly gain of 0.8% vs the expected 0.2% was the surprise. Futures dropped 150pts on that news.
C’mon. Comparing April 2020 to April 2021 and being SURPRISED by this is silliness.
Thomas Peterffy put it pretty succinctly this morning. When interest rates climb to 3.5% (a historically low number), annual service on the debt will run $1 Trillion.
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