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by lamontcg
1482 days ago
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This is why the headlines to focus on are the ones not about inflation, but about wage increases and unionization happening right now. > Consumer spending climbs sharply again — and not just because of inflation
> Rising incomes partly cushion Americans against high inflation https://www.marketwatch.com/story/consumer-spending-climbs-s... But rising wages and the threat of a wage-price spiral and the effect on debts is precisely why the Fed is indicating they're going to crash the economy. |
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