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In reply to the discussion: Dow rallies more than 500 points to record, closes above 37,000 for the first time [View all]Johnny2X2X
(23,466 posts)25. Right Wingers are shook at this news
I visit some bipartisan sites that are discussing this and the RWers are posting 1500 word diatribes on how the administration was the lone cause of inflation and how terrible inflation was, blah blah.
Inflation was a global problem, the US handled it better than almost all of our peers did. There are still modern economies with 6%+ inflation and economies that are shrinking while we sit here at full employment, an economy that grew 5.2% last quarter, with inflation falling to 3.1% over the last year, wage growth above 4%, and stock markets that are breaking records.
The campaign point for the GOP is going to turn into, 'Remember how bad inflation was a few years ago?"
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Dow rallies more than 500 points to record, closes above 37,000 for the first time [View all]
brooklynite
Dec 2023
OP
I know that's what I've been saying, all I see is people spending money hand over fist
Walleye
Dec 2023
#10
Stocks are high now, bonds are cheap, and interest on money markets is good
IronLionZion
Dec 2023
#16
When Orange Julius was spouting about "fire and fury like the world has never seen" I got out. I'm OK with
Evolve Dammit
Dec 2023
#9
Well, inflation is down, and you can still get treasuries and insured CDs yielding 5%. I suggest you take a look...
ashredux
Dec 2023
#23
I reasonable portion of my portfolio is in safe, interest-bearing instruments.
PoindexterOglethorpe
Dec 2023
#33