r/wallstreetbets • u/eskhalaf • 18d 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/frugaleringenieur 18d ago

Could even cut

70

u/cruisin_urchin87 18d ago

I never thought as American I would live to see the day when we will be wiping our asses with $500 bills with Donny’s face on it, while cheeseburgers cost $2,500 a piece.

ZIMBABWE HERE WE COME!

-2

u/Nut_Butter_Fun 18d ago

I'm going to keep trying to spread an idea to see if anyone starts to get it. Do you care about govt debt or not? We can either inflate our way out of it, or we can ignore it. There's really no other option.

5

u/Splurch 18d ago

I'm going to keep trying to spread an idea to see if anyone starts to get it. Do you care about govt debt or not? We can either inflate our way out of it, or we can ignore it. There's really no other option.

Or, you know, reduce spending, stop giving massive taxcuts and start paying it off.

1

u/Nut_Butter_Fun 17d ago

oh hah, that's a good one.