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The Bob Cesca Podcast: Donald Puddin' Trump

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Hecuba's daughter12/02/2022 9:44:12 am PST

re: #313 danarchy

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.

It is so infuriating that what’s good for Main Street is treated as bad for Wall Street; no wonder so many of the affluent oppose measures helping the poor and working class and middle class. At one time the elite derived wealth from manufacturing products that helped others; now, it’s all gaming stock prices and interest rates and not benefiting society as a whole.