by B3stAuD1t0rofA11tiME
I’m sick of this shit
If the goal is 2% inflation and we are at 5% per the imaginary numbers they report you don’t just skip a rate hike
Especially when true inflation is 20%+
Just look at the price increase of a Big Mac pre-pandemic and today
I trust that more as a gauge for inflation versus the phony government numbers
Now we get screwed until July and they can always skip again since this is the new policy conditioning to tell the public
You want a slow moving train wreck? You guys are nailing it
I really thought we were moving in the right direction
As usual you guys find a way to f*ck it up
Dollar General stock plunges as “challenging economic backdrop” drives dismal earnings report
What they mean is inflation is making poor people poorer again, and making DG’s products more expensive to source.
“Dollar General’s core customers are reining in their spending amid a worse-than-expected macroeconomic backdrop, leading the discounter to slash its full-year outlook after a dismal earnings report Thursday.”
“Shares of Dollar General plunged nearly 20% in morning trading after the retailer missed estimates on the top and bottom lines.”