Everybody and every institution that trades in the market already knew this. Remember that the price of the index is also part of inflation. When the dollar tanks, the market will rocket at first, but more dollars doesn't mean more value. That said, the shares of an international company will be worth more than your paper bills or digital banking records.
Why do you think the ENTIRE world is dumping US bonds and buying gold?
And while we are at it, cutting fed rates is both, (A) doing nothing at all to interest rates, (B) monumentally fucking stupid. Rates should be 7-10% to stem this inflation. This admin is fucking America over for a VERY long time.
In accounting, that would be hiding values, re-naming assets and debts, careful marking of complex arrangements across highly detailed pages.
What THIS is, is mimicry : someone doing what Trump does in his mind, looking exclusively at what he wants to be true, in spite of what actually is.
It isn’t careful, it isn’t detailed, it doesn’t hold up to even brief scrutiny, and (this is key!) it won’t be consistent with the next time he has to lie about the numbers!
Of course they are! ALL of his books are fixed. Magat's will spin this too, not sure how, but they always do.
Everybody and every institution that trades in the market already knew this. Remember that the price of the index is also part of inflation. When the dollar tanks, the market will rocket at first, but more dollars doesn't mean more value. That said, the shares of an international company will be worth more than your paper bills or digital banking records.
Why do you think the ENTIRE world is dumping US bonds and buying gold?
And while we are at it, cutting fed rates is both, (A) doing nothing at all to interest rates, (B) monumentally fucking stupid. Rates should be 7-10% to stem this inflation. This admin is fucking America over for a VERY long time.
He was found guilty for this exact crime.
That is unreadable. Do you have a better, higher-res version?
https://www.bls.gov/news.release/pdf/cpi.pdf
Thank you!
https://preview.redd.it/drc5vlzffd9g1.jpeg?width=474&format=pjpg&auto=webp&s=05e9bcfa25dc6576b65165164bd043e626b91acf
No, sorry, this isn’t AT ALL ‘cooking the books.’
In accounting, that would be hiding values, re-naming assets and debts, careful marking of complex arrangements across highly detailed pages.
What THIS is, is mimicry : someone doing what Trump does in his mind, looking exclusively at what he wants to be true, in spite of what actually is.
It isn’t careful, it isn’t detailed, it doesn’t hold up to even brief scrutiny, and (this is key!) it won’t be consistent with the next time he has to lie about the numbers!
He cheats at everything. This is not surprising .
They're pulling a Ted Beneke
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