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its why we ventured into cryptos as we know central banks and its policys deceive us.
Inflation numbers being well out should be no surprise, I only wish inflation was really 8.3% x;)
Noncrypto, I'm genuinely confused by your purpose. You literally have "non crypto" as your screen name, you don't believe in bitcoin or argo, yet, you seem to be posting here more than anyone apart from chaebol. Are you getting off on this? or do you just have lots of spare time so you can post stuff on something you've no interest in?
exactly Argobull. the NYT writing that a negative GDP masks a recovery is incredible. to be framed
the only one truly debunked is you with ARB share price at sub 50. that alone should have you shut up
Depends how you calculate it, but certainly many things have gone up by more than 8.3%
I think you’ve been generally debunked now.
correct chaebol. how could they possibly admit 16% inflation which is the real figure at the moment.
"CBDCs can only be used as a means of payment, and any form of hoarding or investment activity is openly forbidden.
im glad thats solved then, lol
Let's see what happens when china issue its cbdc and how the rest follow.
"CBDCs can only be used as a means of payment, and any form of hoarding or investment activity is openly forbidden.
https://academy.shrimpy.io/post/cbdc-vs-cryptocurrency-what-are-the-core-differences
MY energy costs have doubled every other costings has gone up 10-20 percent, food costs are still going to go up but inflation rate was 8.3 %? Lol
We all know or should Know that inflation is being undercooked right now, economists have stated real inflation rates between 16-20 percent but if they announced those figures we could have chaos.
The only thing developed nations will be interested in is CBDC. Even more control than printing cash.
NC, you're speaking nonsense as usual.
8.5 March down to 8.3 April. In my world 8.3 is less than 8.5. In yours it is more perhaps?
https://www.statista.com/statistics/273418/unadjusted-monthly-inflation-rate-in-the-us/
NON- crypto - reductive and implausible ARB and BTC forecasts, all based on an extreme disliking for the sector.
My word you lack basic comprehension skills if you really think that.
no it was higher than forecast so it is not the peak. easy but not to worry the recession will be abundantly clear by the next GDP reading. ARB will likely be 25 p by then. BTC in the 20k region
Afraid not - you said 'the media was all inflation has peaked but the data came out and it hadn't peaked, it actually went up a notch' (paraphrasing).
That is incorrect, it didn't go up a notch it fell slightly suggesting inflation may have peaked.
the thing you dont seem to get with prices this high consumers are spooked and the recession has already started.
Please take a look at this article it is one of my favs
https://www.nytimes.com/live/2022/04/28/business/gdp-inflation-news
A negative GDP number now masks a broader recovery lol.
hilarious stuff
so then it went up a notch if higher than forecast? your words
Actually it went down a notch, albeit still slightly higher than what was being predicted.
you may recall the narrative in the media all last was "inflation has peaked". the data came out and it hasnt peaked, indeed it went up a notch higher. these are facts not my opinion
noncrypto
“ believe me this is not the peak. this is just the beginning”
I definitely believe that is your stated opinion. I don’t believe you are correct.
AB
“ NC, glad fiat is so stable. I'm sure the people of Turkey would agree.”
Turkish journalist said on BBCR4 that her landlord wants to 4x her rent. Dreadful state there.
Erdogan has problems with charging interest on bank accounts as it’s against sharia.
You’re making it up as you go along, nothing to justify your cynical BTC predictions, all conjecture and all this from someone who categorically does not advocate of BTC/Cryptocurrency.
trouble is no politician wants it anywhere. so it needs to be forced down their throats with massive inflation. i think we might see 20% inflation. and believe me this is not the peak. this is just the beginning
the solution is a massive recession that has been postponed for like 10 years plus. only a big reset can bring things to normality. by that stage btc will be in price range of 1000 to 5000