protectionist
Diamond Member
- Oct 20, 2013
- 58,626
- 19,345
- 2,250
The stock market fell the most since June 2020, following Wall Street's humbling realization that inflation is not slowing as much as hoped. The Dow lost more than 1,250 points and the S &P 500 sank 4.3%.
Red Wave coming soon, despite the "big guy"'s looney proclamations, who talks about "breathing room" while gas prices have sunk a bit they are still 33% higher than this time last year. And the big one > Housing rentals. WOW!
All over the country, the cost of rental housing has skyrocketed like never before.
The apartment I was renting in 2021, went from $600/mo to $1200/mo (100% inflation). In the Tampa Bay area, commonly, ordinary 1 bdrm apartments have jumped from $600 to $1800 (200% inflation) and many are now renting at over $2,000/mo, and the politicians from Biden on down are doing nothing.
Hey Joe, where you goin' with that microphone in your hand ?
Red Wave coming soon, despite the "big guy"'s looney proclamations, who talks about "breathing room" while gas prices have sunk a bit they are still 33% higher than this time last year. And the big one > Housing rentals. WOW!
All over the country, the cost of rental housing has skyrocketed like never before.
The apartment I was renting in 2021, went from $600/mo to $1200/mo (100% inflation). In the Tampa Bay area, commonly, ordinary 1 bdrm apartments have jumped from $600 to $1800 (200% inflation) and many are now renting at over $2,000/mo, and the politicians from Biden on down are doing nothing.
Hey Joe, where you goin' with that microphone in your hand ?
Dow tumbles 1,200 points for worst day since June 2020 after hot inflation report
The stock market came under pressure after the consumer price index report for August showed higher-than-expected inflation.
www.cnbc.com
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