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224

Everything I read is inflation is at 8% or whatever but yet that statement is always followed up by X Y and Z are up 13, 18, and 23 percent? I keep hearing we aren't yet in a recession but the market has been on a downhill slide since January and big index funds are pretty much where they were pre covid. How is 6 straight months of negative returns and wiping out 2 years of gains not a recession?

Look I'm not very smart and I don't understand how all this shit works but none of this makes sense in my little pea brain.

So how bad is it really?

Everything I read is inflation is at 8% or whatever but yet that statement is always followed up by X Y and Z are up 13, 18, and 23 percent? I keep hearing we aren't yet in a recession but the market has been on a downhill slide since January and big index funds are pretty much where they were pre covid. How is 6 straight months of negative returns and wiping out 2 years of gains not a recession? Look I'm not very smart and I don't understand how all this shit works but none of this makes sense in my little pea brain. So how bad is it really?

(post is archived)

[–] [deleted] 4 pts

Gas has doubled in price, most other items plebians buy has increased in costs way more than 8%. Some sectors of the stock market are down over 1/3.

[–] 0 pt

The inflation metric is based on carefully picked goods which are largely (currently) immune to inflation. Thus the 8%. Actual inflation, as in what consumers are paying, 30%-300%, depending on the item. Inflation is well past 8%. I simply can't take anyone seriously who offers this as a fact without such caveats.

But this is all about the slow boil while cheering, "or wasn't me!"