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Is inflation not slowing enough because people have too much money or other factors? - Credit card debts is at an all time high with like 27% interest rate. I think people''s have exhausted their savings and now are resorting to credit cards. White collar jobs are reduced while lower wage jobs have increased. CNBC had an article about richcession. CPI still rose 0.2% in July recently. If hiking interest rate to 5.5% this rapidly (steepest in history) and it's not slowing down inflation drastically, could inflation be due to something else? Would the green deal (spending bill) that was passed in congress a couple years ago along with the war in Ukraine contribute to inflation? If hiking interest rate after September and inflation would still not slow down enough be a sign that the interest rate hike is not working? Seems like it did more harm than good. edit: I removed student loan debt forgiveness because the $10k loan forgiveness got scrapped. Stockmarket

Is inflation not slowing enough because people have too much money or other factors? - Credit card debts is at an all time high with like 27% interest rate. I think people''s have exhausted their savings and now are resorting to credit cards. White collar jobs are reduced while lower wage jobs have increased. CNBC had an article about richcession. CPI still rose 0.2% in July recently.

If hiking interest rate to 5.5% this rapidly (steepest in history) and it's not slowing down inflation drastically, could inflation be due to something else? Would the green deal (spending bill) that was passed in congress a couple years ago along with the war in Ukraine contribute to inflation? If hiking interest rate after September and inflation would still not slow down enough be a sign that the interest rate hike is not working? Seems like it did more harm than good.

edit: I removed student loan debt forgiveness because the $10k loan forgiveness got scrapped.

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Shortnsalty @LykeShares
Berkshire is hoarding so. much. cash.
Berkshire is hoarding so. much. cash.
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Mining_Mate @LykeShares
Intel’s been lagging behind for years, while AMD has pulled far ahead in both consumer and professional-grade chips, it’s really not a close race anymore.

There’s this idea floating around that throwing enough cash at Intel will suddenly turn them into the next TSMC. But semiconductor manufacturing isn’t something you can ...
Intel’s been lagging behind for years, while AMD has pulled far ahead in both consumer and professional-grade chips, it’s really not a close race anymore. There’s this idea floating around that throwing enough cash at Intel will suddenly turn them into the next TSMC. But semiconductor manufacturing isn’t something you can rush, it’s a complex, slow-moving process that takes years of precision and experience. Intel could recover some ground eventually, but framing them as the savior of American chipmaking feels more like a political talking point than a practical reality.
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Goldrush_Greg @LykeShares
Buffet indicator is showing some wild times ahead perhaps, combine that with Berkshires record high cash hoard of 30%... chart via barchart.com / Longtermtrends
Buffet indicator is showing some wild times ahead perhaps, combine that with Berkshires record high cash hoard of 30%... chart via barchart.com / Longtermtrends
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Stonksurfer42 @LykeShares
Looks like we're going through something, but who would have thought with all these tarrifs, inflation and trade wars going on
Looks like we're going through something, but who would have thought with all these tarrifs, inflation and trade wars going on
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Moonbagjack @LykeShares
Where does this end up long term with small stocks suffering white giant caps are taking all the coin?
Where does this end up long term with small stocks suffering white giant caps are taking all the coin?
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Chartwizard_Au @LykeShares
🔺 Student Loan Delinquencies Hit Record 12.9%...
The spike in red reflects financial strain returning fast. Credit card delinquencies are rising too, hinting that lower-income consumers might be nearing a breaking point. What's going on...
🔺 Student Loan Delinquencies Hit Record 12.9%... The spike in red reflects financial strain returning fast. Credit card delinquencies are rising too, hinting that lower-income consumers might be nearing a breaking point. What's going on...
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Tendies_Inbound @LykeShares
#ASX:ASN Is Anson Resources’ US$330M Financing Deal the Key to Unlocking Utah’s Lithium Potential?
Is Anson Resources’ US$330M Financing Deal the Key to Unlocking Utah’s Lithium Potential?
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