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From last Wednesday: As the Fed 'fights inflation' by increasing interest rates, its actions will not produce the hoped-for 'soft landing,' but rather the hard bust.
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If lawmakers keep spending like they are, and if the Fed stops trying to control inflation, the government may create a perfect storm.
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Wall Street is sure that the Federal Reserve will soon create a 'soft landing' by reducing inflation without triggering a recession. They must reconsider their convictions.
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In November, food prices went up by 0.5% while energy prices went down by 1.6%.
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People argued 26 years ago about whether or not the target inflation rate should go from 0% to 2%. We're now hearing that it should be 4% or 6%.
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Home prices can't keep going up like they have in the past few years without the central bank continuing to give out easy money, and this is clear.
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Prices went up by 0.4% in September, which was faster than economists thought and shows that higher interest rates aren't doing the trick.
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Congress is bad at running the country and keeping an eye on it because it keeps throwing good money after bad.
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The Bureau of Labor Statistics of the U.S. government released new data on price inflation today, and it wasn't good. Before taking into account seasonal changes, the Consumer Price Index (CPI) showed that inflation rose 8.3% year over year in August, according to the BLS. That's the seventeenth month in a row that inflation has been higher than the Fed's arbitrary target of 2%. It's also the sixth month in a row that prices have gone up by more than 8%.
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A man from Washington, DC, who pretended to be a federal agent to get $800,000 worth of real estate has decided to work with the government.