Hang on a minute, a 4% interest rate with a 10% inflation rate means a 6% LOSS of purchasing power. And this is a good deal??? Blithering idots or Con Artists? You pick. Even with roaring inflation, there’s a glass half-full approach to the issue that can ease the sting. One positive: six-month Treasuries…
Month: November 2022
‘Deeply troubled’: Lawmakers challenge Fed’s inflation war
Billions of dollars of wealth destroyed, millions of Americans out of work, and all the politician can manage is being “troubled”? You have been screwed by Uncle Sam, America! ‘Deeply troubled’: Lawmakers challenge Fed’s inflation war By VICTORIA GUIDA and KATE DAVIDSON 11/07/2022 08:00 AM EST Editor’s note: Morning Money is a free version…
CNN host jokes Americans will have to eat smaller portions this Thanksgiving…
Ain’t it great how the media outlets like to quip about us little people? CNN’s Fredricka Whitfield quipped on Sunday that Americans will have to reduce their portion sizes on Thanksgiving because of high inflation. “It seems like we’re all gonna be eating smaller portions if anything,” Whitfield said in response to reports of higher…