Comments by "Daniel Bradford" (@Falconlibrary) on "I think 100 basis points is off the table for July, says NewEdge's Rob Sechan" video.

Are you in the top 10% of income earners (over $200,00/year household income)? If not, then this propaganda was NOT for you. If you don't have a minimum income of $200,000, you don't count to these "business programs" on tv, nor to the economists, nor to the politicians. In fact, you don't count, period. This program reflects THEIR reality, not ours, and in THEIR reality, things aren't so bad. In fact, they're pretty damned good.
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Watching "business tv" (which targets the top 10% of income earners as its audience) is like watching tv from Opposite Earth, where inflation is low, Joe Biden is the smartest man in America, and the economy is booming. Meanwhile, back to the reality of the other 90% of us--the 9.1% inflation number (which is really 17.1% CPI when you take into account ALL goods and services) was higher than predicted, and this "transitory" inflation that was going to last a quarter or two has gone on for more than a year, with no end in sight. We're already in recession and massive joblessness and defaults on mortgages and auto loans are going to spike, perhaps at a high not seen since the Great Depression. The top 10% won't be affected by any of this. In fact, all this pain for the rest of us is just a whole new set of opportunities for them.
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