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

[GoldenWolf87]

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

The estimates suggest the US economy is booming as hiring rebounds and Americans spend big for the holidays.

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.

Everyone, it seems, thinks the recovery is bouncing back.

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.

Other reports suggest the supply crisis that's weighed on the recovery and fueled higher inflation is finally starting to fade, the bank added.

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

Another key barometer of the cost of living showed inflation rising at the fastest pace in almost 31 years, underscoring a growing problem for the financial well-being of households and the broader U.S. economy

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.

 

[Yehudim]

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.

 

[Amerikuracana]

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.

 

[cincymma79]

My investments are doing ok but anyone making under 6 figures is sucking

 

[SBJJ]

My investments are doing ok but anyone making under 6 figures is sucking

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.

 

[cincymma79]

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.

Don’t worry it’s coming too but it’ll bounce back

 

[Cubo de Sangre]

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.

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.

 

[mjfan23]

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