Eurozone Inflation Surge at Year-End \ stacker news ~econ

507 sats \ 12 comments \ @TomK 17 Jan econ

Delving into the December data, the Euroraum witnessed a surge in consumer prices, while core inflation took a step back. Eurostat's secondary release confirmed an annual inflation rate of 2.9%, aligning with economists' expectations from January 5. It seems to be a bit ''sticky'''....

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335 sats \ 2 replies \ @siggy47 17 Jan

I love when they use terms like sticky or stubborn to describe inflation, as if prices are acting unexpectedly and not as a result of irresponsible debasement.

61 sats \ 0 replies \ @mf 17 Jan

They are the sticky bandits

52 sats \ 0 replies \ @TomK OP 17 Jan

They love to penetrate mass media with their nomenclature to distract the people

291 sats \ 8 replies \ @Polaire 17 Jan

I don't know how inflation is calculated at European level, but I do know that in some countries the calculation is biased: it's based on a small basket that doesn't reflect the life of average households.

270 sats \ 5 replies \ @TomK OP 17 Jan

It's all fake data if it's published by the state as inflation helps bringing in a nice wealth transfer to the biggest debtor

21 sats \ 3 replies \ @Polaire 17 Jan

absolutely, Money always goes to the same hands, crony capitalism

0 sats \ 2 replies \ @TomK OP 17 Jan

The world we live in... did You hear Dimon today, talking bs about btc? Disgusting

0 sats \ 1 reply \ @Polaire 17 Jan

I haven't listened to everything but these arguments are bad, the dollar is also used by criminals, bitcoin can be traced more easily than cash... His position is ambiguous: on the one hand he criticizes bitcoin, but it seems to me that JP Morgan has invested in the ecosystem (particularly in mining companies, if I remember correctly).

0 sats \ 0 replies \ @TomK OP 17 Jan

He's the best fiddler in the Fiatist orchestra. And bullshitting around, meanwhile JPM is market maker or anything like that for Blackrock's BTC ETF, is simply bankster-like.