A Holiday Message From Your PM-
Inflation expectations hit lowest level in more than two years
The war has been won. Now what?
The
latest consumer sentiment survey from the University of Michigan revealed consumers expect inflation to sit at 3.1% in a year, a noted decrease from last month's expectation of 4.5%. December's reading is the lowest since March 2021 and is slightly above the 2.3% to 3.0% range seen in the two years before the pandemic.
Expectations for long-run inflation fell to 2.8%, down from November's 3.2%, which was the highest reading since 2011.
Inside the Fed this manna to their ears. Expectations are everything, the actual inflation not important. How does the big bad wolf scare us one more time in order to keep markets in check. Will the big bad wolf do just that-scare us...
These Hands have molded a perfect soft landing. Take credit bro!
Just as President Biden should. A couple months ago inflation was the big complaint
of Republicans, everyhing would be based off that-- scare folks about inflation and blame Joe for gas prices. Lets put stickers on gas tanks blaming Joe... Now each sticker has been peeled off mournfully by Trump lovers. What will they complain about now.
Hear this out loud
The Federal Reserve's 2022 consumer finance survey unveils a striking picture of American prosperity, revealing that the mean net worth of the average household has ascended to
$1.06 million, a 23% from $868,000 in 2019. This statistic, while impressive, masks a more nuanced and unequal economic landscape.
I was quite taken aback by this. How the hell can Trump win when inflation has been defeated, and the average voter is sitting on $1 mil.
We have won the war. Victory is ours.
Long Live the investors of America.
~stonedinvestor