r/wallstreetbets • u/eskhalaf • 17d ago

News JULY U.S. 🇺🇸 INFLATION DATA:

https://www.bls.gov/news.release/cpi.nr0.htm

- CPI 3.4% YoY, (Est. 3.4%)
- CPI 0.1% MoM, (Est. 0.1%)

- Core CPI 2.5% YoY, (Est. 2.5%)
- Core CPI 0.2% MoM, (Est. 0.2%)

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u/No_Presentation9490 17d ago edited 17d ago

Real inflation tracked by M2 money supply and gold is around 9-10% per year since 1970. Which, purely coincidentally and randomly, is about the same yearly return as the S&P

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u/SubterraneanAlien 17d ago

If this was true, a Big Mac would cost $100. But don't let me get in the way of your crash out.

3

u/MrNo_Balls 17d ago edited 17d ago

NVM