Great news: if we exclude most of the essentials of life (shelter, food, energy, and the second-hand ability to get to work), then price inflation is back down to a 2% annual growth rate.
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THE GODFATHER was released 51 years today. A landmark of American cinema, there's some interesting facts around the making of the film...
A THREAD
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This is ridiculous.
Reminder, members of the Federal Reserve traded stocks that the Fed was buying in 2021 at the very bottom of the market, before the bull rally.
This is where they sold - at the very market top - before the Fed raised rates and being cleared of wrongdoing.