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Jay M
CNBC Television
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Comments by "Jay M" (@jaym9846) on "When it comes to next rate cut's timing, market bull warns Wall Street's making a big mistake" video.
According to the Federal Reserve, inflation has been <2% a year. According to the Big Mac Inflation Index, it is >4% per year ($3.47 in July 2008, $5.58 in Jan 2019) even after gov subsidies for meat, dairy and wheat. Trust the Clown (Ronald), not the Fed (money printing arm of the government). usdebtclock.org https://seekingalpha.com/article/4119246-big-mac-index-may-telling-truth-inflation https://www.forbes.com/sites/davidmarotta/2013/04/16/big-mac-index-shows-official-cpi-underreports-inflation https://capstoneinvest.com/inflation-cpi-and-the-big-mac-taking-a-bite-of-reality https://www.bloomberg.com/news/articles/2019-06-03/u-s-manufacturing-index-dips-to-lowest-level-in-almost-a-decade https://www.cnbc.com/2019/06/05/job-growth-screeches-to-near-halt-in-mayprivate-payrolls-up-just-27k.html
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We need the Fed in our high schools & colleges. Then if you start failing a course, the Fed could just slap on a few extra points to get you from failing to being an A student.
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