 |
|
Reality check from you're own trusted media:
Posted on: September 13, 2022 at 22:04:56 CT
MUTGR MU
Posts:
68822
Member For:
24.79 yrs
Level:
User
M.O.B. Votes:
2
https://www.cnn.com/2022/09/13/business/nightcap-inflation-economy-fed/index.html
Let's step back: All of this is bad news for consumers, who are being hit with a quadruple-whammy of financial pain — inflation is eating into everyone's wallet; higher interest rates are making it harder to borrow money; wages are mostly flat; and 401(k)s are a shambles as the market sinks.
(Oh, and in case you missed last night's newsletter, there's a looming freight rail worker strike at the end of this week that could further strain supply chains and push prices up.)
Not to mention a border crisis, a proxy war with Russia that even if you believe Ukraine is gaining back territory, the increased energy and food costs are going to decimate Europe and adversely impact the US.
Edited by MUTGR at 22:07:16 on 09/13/22
Let's step back: All of this is bad news for consumers, who are being hit with a quadruple-whammy of financial pain — inflation is eating into everyone's wallet; higher interest rates are making it harder to borrow money; wages are mostly flat; and 401(k)s are a shambles as the market sinks.
(Oh, and in case you missed last night's newsletter, there's a looming freight rail worker strike at the end of this week that could further strain supply chains and push prices up.)
Not to mention a border crisis, a proxy war with Russia that even if you believe Ukraine is gaining back territory, the increased energy and food costs are going to decimate Europe and adversely impact the US.
Edited by MUTGR at 22:07:16 on 09/13/22
Please explain why this message is being reported.
MESSAGE THREAD
- 
Reality check from you're own trusted media: - MUTGR MU - 9/13 22:04:56