A Boring Dystopia

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The Fed welcomes a 'soft landing' even if many Americans don’t feel like cheering (www.nbcnews.com)

submitted 2 months ago by return2ozma@lemmy.world to c/aboringdystopia@lemmy.world

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[–] SirDerpy@lemmy.world 8 points 2 months ago (1 children)

In July, the Consumer Price Index for All Urban Consumers rose 0.2 percent, seasonally adjusted, and rose 2.9 percent over the last 12 months, not seasonally adjusted. The index for all items less food and energy increased 0.2 percent in July (SA); up 3.2 percent over the year (NSA).

source

The Fed rate isn't coming down with CPI still above 2% over the last 12 mo.

The rate of change of velocity of money is slowing source. There is no soft landing.

Real analysis isn't even necessary. They're outright lying.

[–] technocrit@lemmy.dbzer0.com 1 points 2 months ago* (last edited 2 months ago) (1 children)

You should tell that to the Fed, wall street, PBS, and all the rich people who control the money.

They gonna juice the gambling (djia, nasdaq, crypto, etc) using unemployment as excuse. It's been too long without a massive handout to the already rich.

[–] SirDerpy@lemmy.world 0 points 2 months ago

There's surely some leeway in the momentum of orange fear. But, that fear is primarily rooted in propaganda, not wisdom. The fear is temporary and quite expensive to maintain. The underlying economic and social tension that easily breaks over to meaningful action is ever-present. Such scarcity cannot be ignored by anyone.