In economic news, the consumer price index posted the biggest gain since January, putting the annual inflation rate at 2.9%. The Labor Department reported a surprise increase in weekly unemployment compensation filings to a seasonally adjusted 263,000, the highest since October 2021.

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That number is a lie. There is no inflation. Everyone knows that

funny

Uh oh , will the Fed cut with inflation pressures still abound

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Market still up so all of this has minimal negative impact to me

likefunny

For now.

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This is not surprising. Actually it would be surprising and concerning if somehow inflation went down

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Running towards a recession and possibly stagflation…Prices of lumber are dropping, demand for packaging carton is dropping. The list goes on.

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Yeah, agreed. We’ll see. Hoping we can pick back up again (and stop these chaos inducing tweets).

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The economy is perfect! The other day a Big, Strong, Economy, came to me with tears in his eyes and said, “Sir, this economy is beautiful, the likes of which the world has NEVER SEEN!”

funny

Personally, I'm most interested in seeing what the PPI is doing this month. If the large spike from last month is sustained, consumer price increases will be extremely rough this winter.

smart

In other news, AI still hot shit

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