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Economy Wall Street's verdict is in: the US economy is booming again

Discussion in 'The War Room' started by GoldenWolf87, Nov 24, 2021.

  1. GoldenWolf87 Black Belt

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    Wall Street: Inflation what Inflation!? What Skyrocketing Prices!?

    According to Wall Street their verdict is that the US economy is booming and in a recovery. Everything is just fine.
    Wall Street appears to be ignoring the Inflation, staffing shorting issues across.
    The expert data model is projecting that wave of positive economic data before the holiday season despite the rising costs.
    Wall Street's verdict is in: the US economy is booming again
    Everyone seems to think that the economy that is bouncing back? despite the rising costs of oil, everyday products with the prices rising at the stores is a sign of bouncing back?

    The 2021 recovery is going out with a bang.

    Its amusing that wall street claims that the crisis is starting to fade. A bit to early to claim that its starting to fade when inflation has already started and would be problary continue into next year.

    Now you have these reports claiming that the inflation is starting to fade?
    a Biden admin spokesperson did not have a date/timeline when they were asked when is the inflation was going to end.


    The MarketWatch article "Its starting to fade"

    Uh-oh, another U.S. inflation gauge shows prices soaring at fastest pace in 31 years
    Biden solution? was trying to lower gasoline prices, a major driver of inflation? but lowering gas price isn't the only factor of inflation.

    There are other issues which are contributing to inflation.
     
  2. Yehudim Brown Belt

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    Inflation is not exactly opposed to a booming economy dude. In fact, it often goes hand in hand. Doesn't mean everything is great, though.
     
    GoldenWolf87 likes this.
  3. Amerikuracana Life allows the illusion of relativity Banned

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    Look.. I work in purchasing. Cost for stores has not gone up all that much, and the stores raising prices is because people that want Biden corpse and crew to fail have been begging for it. That’s just the truth. Stop asking for higher prices.
     
  4. cincymma79 Gold Belt

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    My investments are doing ok but anyone making under 6 figures is sucking
     
  5. SBJJ Steel Belt

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    That's the thing. A whole lot of people feel great because of their stock portfolios. Just imagine a 50% market correction coupled with this inflation. Would be horrible.
     
    kiley_sean likes this.
  6. cincymma79 Gold Belt

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    Don’t worry it’s coming too but it’ll bounce back
     
  7. Cubo de Sangre President of the War Room

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    Sitting on about 1/3 cash currently. Really not sure what the right course of investment is short term. But truth be told, over the next year I'd be surprised if the 401(k) does better percentagewise than the crypto holdings.
     
  8. mjfan23 Gold Belt

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    It’s booming alright. So is inflation and they tend to go hand in hand
     
    GoldenWolf87 likes this.

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