So many think 2% inflation is fine. Here's what I'd love everyone to understand…
In a 40 year working life:
2% inflation destroys 55% of the value of your money.
4% is 79% loss
6% is 90% destructionTHEFT!
— Gary Brode (@Gary_Brode) July 11, 2023
Headline CPI set to tumble to 3.1% Y/Y in June from 4.0%, at which point it reverses higher again. And once China stimulates (Beijing can't have deflation and record high youth unemployment) and commodities surge, all bets are off pic.twitter.com/UN6QRK8M7s
— zerohedge (@zerohedge) July 10, 2023
A move above 4% on the 10-year Treasury yield caused the last 2 blowups in financial markets:
– UK pension fund
– US regional banksCurrently, the 10-year yield is at 3.99% pic.twitter.com/UOCShhmhKL
— Game of Trades (@GameofTrades_) July 11, 2023
CORE INFLATION IN GERMANY INCREASING TO 5.8%
This doesn't go into the right direction, at all pic.twitter.com/8v0B7MF59V
— ＴＨＥ ＭＡＲＫＥＴ ＤＯＧ (@TheMarketDog) July 11, 2023