US RETAIL SALES MOM ACTUAL -1% (FORECAST -0.4%, PREVIOUS -0.4%)
US CORE RETAIL SALES MOM ACTUAL -0.8% (FORECAST -0.4%, PREVIOUS -0.1%)
Inflation killed the consumer... now wait for the real estate and credit card bubbles to burst...
0 sats \ 0 replies \ @selfish_gene 15 Apr 2023
кто победит? Америка или биток? доллар или майнинг? кто сделает невозможное, и даст возможность продавать новые технологии за биткоин? например телепорт...
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0 sats \ 1 reply \ @premitive1 14 Apr 2023
does this mean prices will come down soon? I'm trying to buy more tools
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0 sats \ 0 replies \ @TomK OP 14 Apr 2023
I think inflation will hit in waves like in the 40s and 70s. Asset prices could receive some hits but they will be trying to inflate their asset bubbles every time again... high vola
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0 sats \ 1 reply \ @grayruby 14 Apr 2023
Boom goes the dynamite. Thanks Tom!
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10 sats \ 0 replies \ @TomK OP 14 Apr 2023
Tough times ahead...
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0 sats \ 2 replies \ @Undisciplined 14 Apr 2023
I feel like everyone forgot that the recession started over a year ago and they just changed the definition.
We are three years into a global depression.
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0 sats \ 1 reply \ @TomK OP 14 Apr 2023
Exactly. You need to take out gov spending of the ecuation to get a real idea of this depression.
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0 sats \ 0 replies \ @Undisciplined 14 Apr 2023
That, and recognize that in a highly inflationary environment real earnings are hard to calculate precisely.
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0 sats \ 2 replies \ @notgeld 14 Apr 2023
Or they just forgive student debts.
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0 sats \ 0 replies \ @premitive1 14 Apr 2023
seems like they're going to drag that out through the next election, and of democrats win the presidency again, through the next one as well. I have no reason to believe they will succeed in forgiving those federal loans.
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0 sats \ 0 replies \ @TomK OP 14 Apr 2023
That's a good point. Or something new: stimmies
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