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Msg ID: 2742843 As I watch the DOW go down +2/-1     
Author:Old Guy
9/20/2022 10:49:59 AM

And some of us are also waiting to see what the FED may do.

Of course they must take some action, because of our incompetent White House.

reports today show a 9 month drop in housing, and new permits are now at a two year low.

Biden claims the economy is great, what a lie, obviously it is not good, why do you think the FED is meeting.

What is the FED going to do, if a 1 point increase is coming, the economy will take a big hit.

We are already in a inflationary recession, economy can't afford a hit. 

But most of us think it must be done, a effort to control inflation must be done.

Biden's bill will not do it, fact is Biden's bill making inflation worse.



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Msg ID: 2742852 Your narrative and whining are getting old and boring +3/-1     
Author:bladeslap
9/20/2022 11:46:26 AM

Reply to: 2742843

Inflation around the world, over the past two years | Pew Research Center

In 37 of these 44 nations, the average annual inflation rate in the first quarter of this year was at least twice what it was in the first quarter of 2020, as COVID-19 was beginning its deadly spread. In 16 countries, first-quarter inflation was more than four times the level of two years prior. (For this analysis, we used data from the Organization for Economic Cooperation and Development, a group of mostly highly developed, democratic countries. The data covers 37 of the 38 OECD member nations, plus seven other economically significant countries.)

Among the countries studied, Turkey had by far the highest inflation rate in the first quarter of 2022: an eye-opening 54.8%. Turkey has experienced high inflation for years, but it shot up in late 2021 as the government pursued unorthodox economic policies, such as cutting interest rates rather than raising them.




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