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The Bob Cesca Podcast: Donald Puddin' Trump

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danarchy12/02/2022 9:39:01 am PST

re: #292 Eclectic Cyborg

Seriously. How does a good economic report make the market shit the bed?

Because more people working means more people buying stuff means more inflation pressure which means the Fed probably raises rates in december .75 insted of .5. The Market was pretty sure it was going to be .5 and that is what they had priced in, so they had to adjust.