Tough year for consumers.
First they lose their jobs.
Then the Fed makes the rich richer.
Then the banks shut off the credit spigot.
And now the Fed wants to crank up inflation making the cost of living even higher while devaluing the purchasing power of the dollar.
— Sven Henrich (@NorthmanTrader) August 5, 2020
FED missing inflation caused by wide availability of middle class (trying to fix their Phillips curve narration without understanding how they killed them) vs artificially raise it to decimate middle class to lift up deflationary pressure even in a bigger scale.
— GregTheAnalyst (@Analyst_G) August 5, 2020
— GallupNews (@GallupNews) August 5, 2020