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America’s ‘Normal Economic People’ Still Screwed By Inflation
I'm not sure I'd call Wednesday's all-important inflation update out of the US "comforting."
Althou
well, if you don’t need energy, food or a roof over your head, inflation’s benign in the US or most likely dead.
In the US the term “normal economic person” might as well be synonymous with “well you are screwed.” We are fast approaching the stage where if you don’t have some exposure or hold some financial assets you don’t matter. You can have a decent job and a good salary but if you fail to turn some of that good fortune into stocks/bonds/property/crypto you will fall behind and cease to count, you have to play the game, nothing else really matters to the system.
H-Man, thank God they are here for us because otherwise, where would we be?