Quote:
Originally Posted by PaceAdvantage
Well well well...haven't seen that much RED VOLUME in one day since the pandemic selloff of 2020....
That's gotta mean something, right? 
I thought the markets were supposed to be all knowing and be looking 6 months into the future...
They didn't see the good chance that inflation is NOT under control? Really now...
All that money floating around out there, and everyone is a moron it seems. |
The market seems to think it can just somehow bypass the bad parts of a recession and just skip right to the recovery part.
Unemployment has to rise in order to fix inflation, as long as the work force has pressure for higher wages everything will cost more.
The other big story is that raising prices is now entrenched in the system, everyone is doing it. I'm a CPA who works with about 85 small businesses. All of them are raising their prices. As good businessmen they understand that everything around them costs more, and that the public basically expects to pay more now. If you aren't raising prices you are totally missing the boat.
