Joe Biden personally produced the perfect CPI number that both captivates and amazes. We are steaming ahead at 3.2%, up from 3.0%, but slower than the consensus of 3.3%. In other words, perfect.
The only real tell in markets today, aside from upsurging stocks, is the euro — up 0.5% v the dollar. The suggestion is, Joe Biden is a financial genius and has managed to not only defeat inflation and normalize the interest rate curve — but he’s done so without causing a god damned recession. Well, technically that isn’t true, since we had a recession but the media and the govt changed the definition of what a recession was, in order to protect Americans from themselves, see.
Bottom line: we are bullish again, thanks in large part to the brilliance and serious management of our ancient leader Joseph Biden. The price of iced cream is reducing and the summer is still hot — so get out there kids and grab a scoop or two, you fat fucks, and bite into it just like Joe.If you enjoy the content at iBankCoin, please follow us on Twitter