Well calling the guy an idiot will definitely help him feel better about already being badgered and browbeat into not posting anymore. Good job! 👍

The rich have exploited the tax loopholes like forever to keep from paying a fair taxable amount on their millions or billions some even say it isnt right but they keep doin it.Those that control the markets are the ones that control cost. Everyone should be sick and tired of pandemic blame for this. Find it hard to pat a the filthy rich on the back when they made that money on the sweat and labor by what i believe to be were the middle and lower class. Wages for years have not keep up with inflation, how many times have workers got a pay raise to have it wiped out by a tax increase or insurance that went and other rising costs at the time.

56% of adult Americans own stock, so the average "Joes" most definitely do own stock.

https://www.fool.com/research/how-many-americans-own-stock/

Stock prices are inflating just like the majority of other items for sale in America. America is not doing well.

Keith


One big mistake in this article is the obvious.
It claims 145 million people own stock. 145 million is NOT 54% of the US CITIZENS ! The reported US CITIZENS was roughly 331 million. Even Ky math 145 ain't 54 % of 331

Any day now the Fed is going realize 7% is higher than 2% target rate.

The rich have exploited the tax loopholes like forever to keep from paying a fair taxable amount on their millions or billions some even say it isnt right but they keep doin it.Those that control the markets are the ones that control cost. Everyone should be sick and tired of pandemic blame for this. Find it hard to pat a the filthy rich on the back when they made that money on the sweat and labor by what i believe to be were the middle and lower class. Wages for years have not keep up with inflation, how many times have workers got a pay raise to have it wiped out by a tax increase or insurance that went and other rising costs at the time.

Interest rates should be rising anytime now.

Keith

Amen Mike !!

You know, I really don't like being a hard case about stuff. But the constant onslaught of nonsense is wearing thin. I'm just a tradesman with a high school education. I don't know all the ins and outs of economics but I have a basic understanding of how things work.

One thing that I'll never figure out is why people insist others pay more taxes instead of demanding everyone pay less. Especially when the entities that they want to pay more taxes will just pass that cost along to the consumer.

Mike

Inflation is measured in several places across the country. In some areas it is higher than others. But the same methods are used everywhere so that an overall WEIGHTED AVERAGE" can be determined for a given time period. Some items in the basket of goods may go up in certain areas and down in others.

The other thing to factor in here is that inflation is increasing WORLDWIDE. Not just in the USA. What is going on in the world that is affecting labor markets, and supply chain issues ? Something we won't talk about but certainly has an impact.


If you really think that overall inflation in the US is averaging greater than 7% annually, please explain to me why the 10 year treasury yield is only 1.72 % currently .

As of July 14, 2021, the Federal Reserve has a portfolio totaling $8.3 trillion in assets, an increase of about $3.6 trillion since March 18, 2020. Longer-term Treasury notes and bonds (excluding inflation-indexed securities) comprise nearly two-thirds of that expansion, with holdings of those two types of securities doubling from $2.2 trillion on March 18, 2020, to $4.5 trillion on July 14, 2021.

Maybe they will be able to start selling these off?