That's Bernie's response, I guess when you have a limo driver and never pump your own gas or go food shopping and don't run a manufacturing company that just saw its guts squeezed out do to commodity inflation eating through margins during QE2, then I guess you can say that and the graphic will support it because we don't count the "Volatile food and gas" in official inflation and considering the deflation of the housing market and any spending that was associated with that, then yes, pat yourself on the shoulder Bernie, you've done a wonderful job of creating a bubble based on nothing more than paper and ink, but the unemployment rate hasn't budged :)
Jamie Dimon is happy though...
Is interest rates about to start going up?
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Yes, I know - it does not make any sense - FED is about to cut
rates...but....real world interest rates are not always what FED wants it
to be.
5 years ago
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