Why 2% Is the Fed’s Magic Inflation Number | WSJ

[@Riggsnic_co]

The only American who won't acknowledge this Administration's failed economic policies is Joe Biden. "Shrink-flation' is the least of our worries compared to rising rents and stagnant wages, but it is an undeniable indicator of how bad our inflation has gotten. I have $100k that i like to invest in a non-retirement account, any advice on that?

[@Jamessmith-12]

I would avoid index funds, mutual funds, and specific stocks for the time being. Right now, the best option is a fixed income of five percent. Put money aside for the times when the market really starts to bounce back.

[@JacquelinePerrira]

45% of Americans do not invest in the stock market because of lack of guidance. Every year you don't invest, you are falling behind. I’m hitting numbers in the stock market I used to dream of… Going from $50k to $600k in my portfolio is surreal all thanks to insights from my financial advisor.

[@kevinmarten]

Your adviser must be really good, I hope it's okay to inquire if you're still collaborating with the same adviser and how I can get in touch with them?

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Carol Vivian Constable is the licensed fiduciary I use. Just research the name. You’d find necessary details to work with a correspondence to set up an appointment..

[@kevinmarten]

I just googled her and I'm really impressed with her credentials; I reached out to her since l need all the assistance l can get. I just scheduled a caII.

[@NicholasBall130]

The system is failing as a result of both government and federal policy. In the next days, the banking crisis would have to be epic and gigantic for the FED to decide not to raise interest rates. This won't happen; an increase and a crash are coming. There will be more negative portfolios this 2nd half of 2024 with markets tumbling, soaring inflation, and banks going out of business. My concern is how can the rapid interest-rate hike be of favor to a value investor, or is it better avoiding stocks for a while?Read more

[@StacieBMui]

Just ''buy the dip'' man. In the long term it will payoff. High interest rates usually mean lower stock prices, however investors should be cautious of the bull run, its best you connect with a well-qualified adviser to meet your growth goals and avoid blunder

[@EleanorBaker474]

Yes, I have been in touch with a CFP ever since the outbreak. Today, investing in hot stocks is quite easy; the difficult part is deciding when to buy and sell. With an initial starting reserve of $80k, my adviser chooses the entry and exit commands for my portfolio, which has grown to approximately $550k.

[@StocksWolf752]

How can I participate in this? I sincerely aspire to establish a secure financial future and am eager to participate. Who is the driving force behind your success?.

[@EleanorBaker474]

Sonya lee Mitchell is the licensed fiduciary I use. Just research the name. You’d find necessary details to work with a correspondence to set up an appointment.

[@Greggsberdard]

thank you for the lead. I searched her up, and I have sent her an email. I hope she gets back to me soon.

[@SteveDutton-v]

Economists and business leaders are voicing concerns at the start of 2023 that the year could be a difficult one. JPMorgan Chase & Co. Chief Executive Jamie Dimon said that the Federal Reserve may need to raise interest rates to 6% to fight inflation, higher than the peak level between 5% and 5.5% in 2023 that most Fed officials penciled in after their December meeting. Although I read an article of people that grossed profits up to $500k during this crash, what are the best stocks to buy/short now or put on a watchlist.

[@SeanTalkoff]

A 2022 Northwestern Mutual study found that 75% of U.S. adults admit their financial planning needs improvement. However, only 29% of Americans work with a financial advisor.

[@tmer831]

Yeah, financial advisors could make a lot of difference, particularly in a market such as this. Stocks are pretty unstable at the moment, but if you do the right math, you should be just fine. Bloomberg and other finance media have been recording cases of folks gaining over 250k just in a matter of weeks/couple months, so I think there are a lot of wealth transfer in this downtime if you know where to look. I have been using an FA since 2019, and I return at least $121k ROI, and this does not include capital gain.

[@mikey43221]

nice! once you hit a big milestone, the next comes easier.. who is your advisor please, if you don't mind me asking?

[@tmer831]

Vivian Carol Gioia is the licensed advisor I use. Just research the name. You’d find necessary details to work with a correspondence to set up an appointment.

[@mikey43221]

I looked up her name online and found her page. I emailed and made an appointment to talk with her. Thanks for the tip

[@johnben9]

Economists and business leaders are voicing concerns at the start of 2023 that the year could be a difficult one. JPMorgan Chase & Co. Chief Executive Jamie Dimon said that the Federal Reserve may need to raise interest rates to 6% to fight inflation, higher than the peak level between 5% and 5.5% in 2023 that most Fed officials penciled in after their December meeting. Although I read an article of people that grossed profits up to $500k during this crash, what are the best stocks to buy/short now or put on a watchlist.

[@suzannehenderson5]

Emotionally-charged decisions to sell off large quantities of stocks or other investments now lock in your losses, removing any chance for future growth.

[@emiliabucks33]

Very correct; the bear market has contributed significantly to the growth of my investment. I was able to quickly increase my portfolio from $180K to $272K. Essentially, I was just doing as my financial advisor instructed. You're good to go as long as you get competent assistance.

[@frankbarnes22]

Would it be okay if I asked you to recommend this specific advisor or company that you used their services? Seems you've figured it all out.

[@emiliabucks33]

Carol Vivian Constable is the licensed advisor I use. Just research the name. You’d find necessary details to work with a correspondence to set up an appointment.

[@frankbarnes22]

Thank you so much for your helpful tip! I was able to verify the person and book a call session with her. She seems very proficient and I'm really grateful for your guidance

[@Raymondjohn2]

Some economists have projected that both the U.S. and parts of Europe could slip into a recession for a portion of 2023. A global recession, defined as a contraction in annual global per capita income, is more rare because China and emerging markets often grow faster than more developed economies. Essentially the world economy is considered to be in recession if economic growth falls behind population growth.

[@Oly_laura]

My main concern now is how can we generate more revenue during quantitative times? I can't afford to see my savings crumble to dust.

[@martingiavarini]

It's a delicate season now, so you can do little or nothing on your own. Hence I’ll suggest you get yourself a financial expert that can provide you with valuable financial information and assistance

[@lipglosskitten2610]

I agree, my profit has been consistent no matter the market situation, I got into the market early 2019 and the constant downtrends and losses discouraged me so I sold off, got back in Dec 2020 this time with guidance from an investment adviser that was recommended by a popular economist on a subreddit, long story short, its been 2years now and I’ve gained over $850k following guidance from my investment adviser.

[@Oly_laura]

@@lipglosskitten2610 How can I reach this adviser of yours? because I'm seeking for a more effective investment approach on my savings?

[@lipglosskitten2610]

@@Oly_laura My consultant is ‘’Christine Jane Mclean’’ I found her on a CNBC interview where she was featured and reached out to her afterwards. She has since provide entry and exit points on the securities I focus on. You can look her up online if you care supervision. I basically follow her trade pattern and haven't regretted doing so.

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[@shellylofgren]

inflation can be pursued only so long as the public still does not believe it will continue. once the people generally realized that the inflation will be continued on and on and that the value of the monetary until will decline more and more , then the fate of the money is sealed .only the belief , that the inflation will come to a stop , maintain the value of the notes ? however, I believe that this fluctuation a simple part of the journey towards mainstream adoption and eventual stabilization. I think it's more likely for BTC, ETH, XRP to retest the resistance to the upside and then remove lower

[@ilyaveysman.]

Accumulating losses when trading alone can lead to psychological anxiety. Bitcoin is moving crazy this few days but if you are smart then you should know the best thing to do is to involve in trading especially with the right guidance

[@Jaffcardwell]

Since I have a variety of jobs, I don't have a particular fund that I invest in. I don't act like that at all. I take cues from seasoned financial advisor ‘‘JULIE ANNE HOOVER’’, who is registered with the US Securities and Exchange Commission, in how I conduct myself (SEC). Since then, in contrast to the IRA's slow growth, my returns have increased quickly. What I have is used just by her trades, not by a small number of highly specialized companies.

[@AbdoolLogodesign]

@@Jaffcardwell I will be glad to enlist the services of a reputable one? How do I go about finding and vetting them. We know the value of a fiduciary as we have a family lawyer and he has hinted on it occasionally, so we began to consider the idea.

[@Jaffcardwell]

Julie Anne Hoover maintains an online presence that can be easily found through a simple search of her name on the internet.

[@AbdoolLogodesign]

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[@blaquopaque]

FED: We need people unemployed and bankrupt to calm inflation.. 2 days later SVB goes under FED: Wait, not THOSE people, only poor and middle class can fail in this economy, as usual.... Well given the global economic crisis we are currently experiencing Investing in alternative income streams that are independent of the government should be the top priority for everyone right now.. A variety of stocks and digital currencies are still attractive investments right now.

[@shirleneunglesbee1423]

Hahah....High moving stocks are not the path to big profits. It is the management of risk in relation to reward. Putting on the appropriate size and twisting your edge as many times as necessary to achieve your aim. That applies to everything from long-term investing to day trading.

[@smithmurphy]

@@shirleneunglesbee1423 I agree that my profit has been fairly consistent, regardless of market conditions. I started investing in early 2020, but the persistent downtrends and losses discouraged me. I sold off, and I later re-invested in December 2021, this time with advice from a portfolio adviser who had been praised by a well-known economist on a subreddit. To make a long story short, it's been two years, and I've made over $850k by following her advice.

[@gagnepaingilly]

@@smithmurphy The news I've been seeing in the market hasn't been very positive, so I've really been looking at advisors lately. What individual is directing you?

[@smithmurphy]

@@gagnepaingilly The versatile and knowledgeable JILL MARIE CARROLL can meet your unique requirements. You are free to look her up and make use of her.

[@gagnepaingilly]

@@smithmurphy Thanks for sharing, I just looked her up on the web and I would say she really has an impressive background in investing. I will write her an e-mail shortly.

[@YorickReturns]

Lol at the propaganda against "deflation". Just ignore the real world, where people need to buy food (even if it's going to be cheaper next week), and where people line up to pay top dollar for the newest videogame machine. WSJ is parroting the statist line.

[@allensu9363]

When I learned about the 2% target in AP Econ I assumed that was policy in the 1960s or something. Very surprised it started in 2012

[@AnnaKrueger809]

I began accumulating wealth when I started following up my investment properly, The value of expert mentorship cannot be overstated. Without proper mentoring, people tend to make mistakes and loose money. This is why I prefer to invest with Juliann Hart because her methods are unique and extremely profitable-

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Overtime I have come across people earning consistent returns with the assistance of a professional manager but how do I find one? This is something that piques my interest-

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Her investing strategy and risk management is well structured. She also offer copytrading

[@AnnaKrueger809]

[@AnnaKrueger809]

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[@jerrycampbell-ut9yf]

Interesting how over 2% inflation has been a concern when central banks and the Fed begin to hike interest rates. I consider the rising interest rate to be a very serious issue since it will undoubtedly cause more investors to withdraw their money from the stock market. But then I'm still aware of certain investors that continue to earn over $365,000. Wish I could accomplish that.

[@larrypaul-cw9nk]

Very possible! Particularly in the current market. There are several opportunities to generate excellent returns, but such intricate transactions can only be carried out by seasoned market professionals.

[@Peterl4290]

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[@sabastinenoah]

This sounds interesting. My portfolio is in the red. Can you recommend your analyst, please?

[@Peterl4290]

Annette Christine Conte is the licensed advisor I use. Just research the name. You’d find necessary details to work with a correspondence to set up an appointment.

[@sabastinenoah]

Interesting. I am on her site doing my due diligence. She seems proficient. I wrote her an email and scheduled a phone call.

[@ああ-p5k4v]

I don't know much about it, but I've heard that the US government's vigorous fiscal stimulus has increased the inflationary trend, and that the central bank needs to raise interest rates in order to control inflation. It is ironic that the central bank is the only one to get the hate, while the government is more responsible for inflation.

[@lahabitaciondelatrapado4621]

The fiscal stimulus of the government was only possible thanks to the central bank. They are supposed to be independent institutions, but in reality they work in tandem. Just the idea of printing money is a crime against property

[@kaymish6178]

@@lahabitaciondelatrapado4621 What are you on buddy? Printing money just increases the price of hard assets like prooerty.

[@NicEeEe843]

Most countries were printing lots of money to keep the economy held up back then. At some point it had to fall we just chose it to happen later instead of back then, and now it’s happening. It wasn’t just the US, every country was over printing

[@ああ-p5k4v]

＞What are you on buddy? Well, that's great. We should have a miracle beyond Zimbabwe with you at the head of the state.

[@neriofrio]

WSJ is so bias. It would be good to see WSJ explaining how the historical increase in the interest rate is damaging the banking system, which is why Muddys downgraded it from stable to negative. Why don't you do a video about that?

[@rcdriver107]

The real inflation is always at 15% or a lot more......

[@jtgd]

Really annoyed me when people were calling 7% “Hyperinflation” Like consumption was harder due to rises in price, but hyperinflation sounds like hyperbole. We’ve experienced similar numbers throughout the years, but we didn’t even hit double digits. Some countries have been in double digits for a while. Others are in the hundreds of percent. Our market is more stable, but many regions, including developed ones would love 5-6% inflation right now, rather than 15% or 300%

[@dimasrahardja]

The FED knows. They aren't committed to attacking inflation. They are going to continue to inflate, stocks and commodities will continue to go up with everything else. You can't just sit on cash waiting for a crash, get your money working for you, start buying in slowly and then gradually increase the pace of buying as the prices continue to drop.

[@anthonyrussell5718]

FED's focus is not on combating inflation. Stocks and commodities will continue to rise along with everything else as they continue to swell. You can't just sit on cash and wait for a fall; you need to put your money to work, start investing gently, and then pick up the speed of investing as the price of your investments drops.

[@louisairvin3052]

Market is down still, I've been looking up strategies and apparently both bull and bear market condition provides equal avenue to accrue massive gains, I mean I've heard of people making up to $300k during this crash and I'd like to know how.

[@svengrot7943]

@melindrevaughn I'll suggest you create a diversification strategy because building a good financial-portfolio has been more complex since covid. Recently my colleague advised me to hire an advisor, surprisingly I have accrued over $120K under the guidance of my coach during this crash. She figured out Defensive strategies to protect my portfolio and make profit from this roller coaster market.

[@amatvkhmer]

Why 2% do not understand, please tell me

[@sriig]

he isn't going to answer your question. He's a bot.@@amatvkhmer

[@feng443]

My car insuarance and gome insurance and medical insurance all increase far more tha 2 percent. More like 10 percent

[@stachowi]

more than that.

[@Jimwenten]

@@stachowi my truck insurance went up $2

[@_el.guapo_]

Can somebody explain why we had had such good inflation rates for 11 years (between 2009 and 2020) while QE was increasing (from $1.5T to 4T$) ? Wouldn't more QE mean higher inflation ?

[@redteam9881]

Never again 2% who are they kidding ?

[@w2385-i2s]

Just stop printing money.

[@TheWeatherLegend]

In violent times You shouldn't have to sell your soul In black and white They really, really ought to know Shout Shout Let it all out These are the things I can do without Come on I'm talking to you Come on Shout Shout Let it all out These are the things I can do without Come on I'm talking to you Come on

[@fetteecke]

The explanation why inflation is good for the people is so complex because everyone with common sense knows that devaluing their on money on purpose is bad. Buy Bitcoin

[@wc4109]

I find Cental Bank's problem with fighting inflation, by raising interest rates so rapidly in 2022-3, has led to increased foreclosures and worse, run on banks (SVB) as we've seen now... the Fed needs to be gentle in fighting inflation, not haphazardly like there's no tomorrow....

[@jaad9848]

The inflation number should be pegged to actual needs like housing and food. I am pretty sure the Fed is completely missing their 2% target and just being balanced out by cheaper goods that arent needed for annual purchases like phones/refridgerators/cars

[@nala3038]

Let's not make the mistake of thinking that if the inflation rate was to drop to 2% prices would drop...they will still go up but at the slower rate! Inflation rate is just like a car speedometer.

[@rexo2993]

2% lol

[@johnbeckwith8313]

The real key to stopping inflation is for Congress to stop the deficit spending. America needs a Balanced Budget Amendment added to the Constitution.

[@YorickReturns]

That's not going to happen, unless the American people embrace the free market, and to do that they need to embrace rational self-interest.

[@iBuyBitcoin]

buy bitcoin

[@124085]

You want to stop inflation and balance the budget? Sounds like a recipe for higher taxes.

[@daveSoupy]

after listening to a few different podcasts talk about inflation 2% is a really good target. only having a 10% premium difference over the course of 5 year isn't bad especially compared to 6 to 7% year over year.

[@BasEkKafir]

2% compounded over 5 years will be close to 12-13% but still quite good.

[@dan7446]

@@BasEkKafir No, it's 10.4% (1.02^5) over 5 years.

[@TelusJadetester]

I love how this video pushes the notion that the federal reserve is the good people rather than an entity that isn't always for the people... Most of the data used from the federal reserve isn't always connected to the people directly and inflation is one of them.

[@124085]

"Isn't always for the people" is being *extremely* generous. If you've ever had to work a job in your life (for a company that you didn't own). Or depend on income to pay your bills the Federal Reserve is your sworn enemy.

[@BTrain-is8ch]

An inflationary target is an incentive to keep money moving through the system. It punishes inefficient uses of limited resources. "The people" need to understand that what some people may want, like children who want ice cream for breakfast, isn't necessarily good for them.

[@124085]

@@BTrain-is8ch The Federal Reserve and its consequences have been disastrous for mankind.

[@BTrain-is8ch]

@@124085 Uncomfortable truth: Gold has no universal intrinsic value and therefore currency backed by gold is no more valuable than currency backed by hopes and dreams. The thing that makes currency work is the state saying you MUST accept it to settle a debt. All the fed has done is give the federal government some levers to pull to try and mitigate lean times in the business cycle.

[@124085]

@@BTrain-is8ch The Alphabet agents glow brighter every year.

[@dracorpgroup]

Inflation is based on the overspending by government. Instead of taxes equaling spending the government overspends; the extra spending is supported by debt, every year. This ends up devaluing the dollar over time. That is why a house bought in 1971 for, let's say, $10,000. would sell in 2021 for $300,000. It is the same house! The dollar in that period has been devalued so that it is now worth $0.03 referring to the 1971 dollar, roughly. The dollar has been devalued by a facto of thirty times. Salaries are hopelessly behind the curve. It is not prices; it is government.

[@fetteecke]

If the fed would stop artificial interest rates a normal healthy rate would be established through the market. People always have a positive time preference. The deflation death is myth, that is not true. Inflation is bad, when caused through expanding money supply. Learn austrian economics

[@YorickReturns]

WSJ is just propaganda.

[@fetteecke]

@@YorickReturns i honestly think that most wsj journalists are just clueless and believe the lies they were told

[@Octovisuals]

Thanks, easy and simple explanation, but you know what? Nobody needs to regulate inflation, not politicians nor central banks. In fact, they shouldn't exist. Markets, that is people, just do everything themselves, always. No inflation without printing, folks.

[@newlife-su7sd]

it's a lie.. real number is much much higher

[@19MAD95]

Why not 3% that’s easier to manage

[@hilwaamanamankiyar-pp5bf]

የወለኔአርዴየቴሌግራምፔጅ

[@truthkeeperfilms]

A target they’ll never reach. 14 YEARS of Quantitative Easing at 0% interest won’t go away. More tightening will collapse finances and a pivot will cause rampant inflation. It’s a no win situation. Period.

[@sureshnishtala2887]

Fed Chair Jerome Powell once said about why Target Inflation is 2% and not some other number and he went on to say that its the "PCE index" which sets the standard to 2% so we would want to acheive that

[@Jimwenten]

if everyone quit spending that would help. So many people have too much money.

[@uraddiictOnx3]

who? the average American has "too much money"?

[@Jimwenten]

@@uraddiictOnx3 Learn how to live without money your ancestors knew how. People think they need money to live not true. Learn how to live without money.

[@drmode]

Should be 0%

[@richarddecker9515]

2 percent is also NATO countries GDP spending target. 2 percentage adds up a lot

[@richarddecker9515]

Military budget

[@johnneyface]

Lies

[@tungnguyenthanh26799]

thank you WSJ

[@writerme]

I think the percent inflation target should be 3; it is a Magic Number, afterall.

[@sweeseen9577]

I'm not sure about the target set is effective or not. The place where i stay, the price of goods never go down except fuel prices…

[@amatvkhmer]

Why 2% do not understand, please tell me

[@oas8766]

END THE FED

[@kavinsanthosh648]

J

[@Ryan-or7xm]

All I got from this video is that they have no idea what they are doing.

[@gold_real_money]

It's not about 2% target rates, it's all about getting easier to pay their debt

[@Atipat12]

A Collapse Of Mafia Fed 😎😎😎😎😎😎😎

[@Atipat12]

BUY GOODS FORM #CHINA ???????? 😭😭😭😭

[@Atipat12]

A Collapse Of Mafia Fed 🔥🔥🔥🔥🔥🔥🔥🔥

[@auro1986]

i will explain. this fed plays game with your life by shooting darts with an miss of 2%. other 98% is always recession for all

[@stachowi]

Bank bailouts: hold my beer

[@100perdido]

If they get it to 2% and it drops lower they will go back to quantitative easing again and the whole stock and real estat bubble can start over. A one bedroom condo will cost $2,000,000.

[@NicEeEe843]

Will? You mean already costs that much

[@theoderic_l]

Lots of economists in this comment section

[@MnMPryoBanana]

Basically by reducing inflation, we may become poorer in the short term but richer in the long term

[@NicEeEe843]

But that’s not what’s gonna happen. They’re gonna make us poor now and poorer later 😂

[@tatertot6758]

I always think about this when I buy 2% Milk

[@iBuyBitcoin]

BUY BITCOIN

[@David-pd8yr]

Great video.

[@CommeradeZhukov]

If someone tells me they're deliberately trying to take 2 percent of my money every year I'd dump it for something else immediately, oh wait I did that years ago 😆

[@kjncommenter216]

Congrats on proving their point

[@stachowi]

holding cash has a cost because you don't own your money, you just use it.

[@alphar9539]

6% now

[@fatehyabali]

Bb

[@thiiosaki]

lies, lies, and more lies. Lower prices dont stop people of buying things.

[@forgottenautos8461]

you're right. typically lower prices allow people to buy more things.

[@louistran016]

there are elastic and inelastic demands, gas vs $1000 jacket, food vs an oversea vacation. please educate yourself first

[@CHMichael]

Strangely enough it seems like people buy more when prices go up. The real-estate run towards the end of covid and the car bubble made some people rush into buying them. Very strange

[@ZayTson]

Overall I'd say you're correct but on occasion it does. For example, when the average person notices that the price of that thing is steadily going down (like houses during a correction/crash, think 2008-2010) they refuse to buy because "it'll just keep dropping". The opposite is also true, people pile into buying things when they notice it going up steadily (like houses during a bull run/run up, think 2020-2022) thinking "this will just keep going higher".

[@iBuyBitcoin]

buy bitcoin

[@ropro9817]

Can someone (WSJ?) explain to me why interest rates are the only lever used by the government to steer the economy? Seems like a really blunt instrument, like doing brain surgery with a rusty axe. Note, I don't know jack about economics!

[@tonysoviet3692]

It's like that on purpose so to make the message clear. In reality the Fed uses a lot of tools like quantitative easing/tightening, discount windows borrowing for banks, fiscal coordination with the Treasury... The Fed just publicly emphasizes interest rate (repo rate) because it's straightforward to understand and minimize miscommunication.

[@YorickReturns]

Because most US politicians and commentators are rational enough to accept that outright socialism doesn't work, but they won't fully accept the reality that any government intervention distorts the economy, hence the bizarre attitude even from a "right-wing" organization like WSJ that the government has a proper role in dictating interest rates.

[@fetteecke]

Okay i will try to do a quick summary: there are two ways for the central bank to steer the economy. Change interest rates or change the money supply. Changing interest rates indirectly changes the money supply so basically both options are about the same. The thing people need to understand is that all major crashs and bubbles are caused by the goverment because all the can do is expanding the money supply and manipulate interest rates. This disalocates capital and devalues hard earned money from the people while only few institutions profit from it. Boosting the economy through expanding money supply is a lie. Every normal working person suffers from it! Youre made to believe its good for you. Learn about austrian economics or bitcoin money supply to understand it

[@Andreas-ov2fv]

The interest rate isn't the only lever for the government - just the preferred lever of the Federal Bank. The government also has taxes, spending decisions, subsidies, protectionism and a whole host of other levers to affect the course the economy is on. The interest rate is interesting because it's an easily understood and easily communicated goal by which the government - and the people, and journalists, et cetera - can benchmark the state of the economy. 5% inflation will generally mean you're in a little bit of trouble, stuff really isn't in control. Double digit inflation probably means you're in a year that's going to have Capitalized Letters in a history book at some point. So on.

[@jamesbrown1645]

Stimulus or austerity requires a functional government.

[@ayoubmustafa487]

Nixon shock stands behind all.

[@windmaomao]

Thanks for the video. Essentially, gov wants to have a positive inflation number, but the number can't be high enough that causes attention. That's just awesome. People like to talk about the good or bad of inflation or deflation. That's just nonsense, it's like talking about the stock price is high or low. It's irrelevant. What's relevant is your entering moment, ex. your situation comparing to these cases.

[@richwhitelivesmatterforsureduh]

As a rich privileged woman, i dont care about it like... My husband is loaded with money. Lol #richbishvibe #nopeasants #nopoorpeopah