Core inflation down to 5.9% this morning and stock market way up.
The markets and the economy is going in the right direction and I expect another drop throughout the first quarter of 2023.
@RBReich It’s funny people complain when you make the $20 billion but where were they when ExxobMobil had the $90 billion loss? Hhmmm Bueller? Bueller?
@RBReich Inflation = the increase of goods such as food housing energy etc. Ask yourself how do we decrease these cost across the board?
Core inflation sits at 6.3%. Tomorrow, Dec 13, core inflation should decrease to 6.0% or less.
We are headed in the right direction.
@RBReich Seriously people —- it is free enterprise that drives inflation up and down. That is FREE enterprise. Embrace it and get through it. By the way, inflation will be under 5% by June 30 2023.
@RichNye13@JennieWTHR You’re paid a professional wage — man up and play the season THEN retire. Not freakin 2 weeks prior to opener. Bad form and will never respect him
"I personally think and I hear that the risk of recession between now and the end of 2020 is less than 50-50," says Roger Altman Evercore Sr. Chairman & Founder. "But it is a matter of confidence in so many respects."