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Dow drops 1276 points. Wall St. ain't stupid enough to believe "Inflation Reduction Act"

And yet Biden today has a celebration at the WH to tout this stupid law.
BScuck!!!!!! :mad:

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I need this to go to 7000 or lower before returning to 36000 in 2024 under a Republican gubmint. Both Houses and President.

I missed the President zer0 crash, burn, and slow return.

This time we moved the 401K into money markets anticipating another crash.

I am not the most knowledgeable person when it comes to the stock market or investing in that arena. Never had the cash to lose so never actively played.

Surprised it did not happen almost immediately like it did when zer0 came into office. I would love to move the money back into the market in Nov 2024 with a GOP prez coming in and the market going exponential.
 
Wall street knows the s**t cpi numbers yesterday will be a fed reaction of 3/4 or even a full point interest rate increase and what that will continue to do to depress the housing market both on new builds and existing homes.
 
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And Biden and all the Congress Dems were at the WH yesterday late afternoon/evening partying it up to celebrate the Inflation Rediction Act. Pitiful. Look for inflation to start rising agian.
 
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Low IQ Joe stunned ( these are really stupid people)


Yesterday's catastrophic inflation report stunned the Biden White House and forced them to spin like tops with just 54 days to go until working class Americans who are struggling to stay afloat head to the polls.

Klain on When Inflation Reduction Act Will Reduce Inflation: While Core Inflation Wasn't What We Wanted, 'Inflation Is Coming Down'


 
I do not expect those boys back here. They will just get laughed at. It is impossible to deny FJB's failures anymore. Just like we told them...he has FAILED AT EVERYTHING he has ever touched for 50 years. He is still undefeated at failure.
You expect way too much. Window lickers will always lick windows, then whine when their tongues get stuck to metal poles in freezing weather. It's part of their self imposed victimhood. :mad:

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@CFAGator

Inflation Beats Expectations As Food, Grocery Prices Shatter Records

Core prices, which measures all prices less food and energy, remained elevated at 6.3%, slightly higher than July’s 5.9%, according to the BLS. With core prices remaining strongly elevated, it is unlikely that the Federal Reserve will slow its rate of interest increases designed to combat inflation, and will once again hike rates by 0.75% next week, according to The Wall Street Journal. (RELATED: Fed Unveils Bleak Forecast In Another Troubling Sign For The Economy)

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