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Glorious Inflation News, Comrades!

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Posted By: Moritz55, 8/10/2022 6:44:05 PM

Inflation came in a smidge under expectations in July and — this time, for sure, they mean it — Presidentish Joe Biden’s economy has bottomed out and prosperity is just around the corner. To hear CNN and other state organs tell the story, that is. Markets are up on the news, probably because traders expect the Fed to use any handy excuse to stop the interest rate hikes. I haven’t seen this big a celebration since our most recent battlefield victory over Eastasia, with whom Oceania has always been at war. Unless we’ve always been at war with Eurasia. Just like the glorious economic news, it’s so hard to remember

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It does feel like the Biden team is taking its cues from “1984.”

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Glorious Inflation News, Comrades! 0 replies
Posted by Moritz55 8/10/2022 6:44:05 PM Post Reply
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