from @infraa_
we all know that CPI is a complete lie, mainly because it doesn't calculate housing costs properly, but what if we used the supreme wisdom of GPT-4 to recalculate it based on the monthly mortgage payment for a median house? Well, it's ugly... very ugly: how about 127% in four years? not 27%, one hundred and twenty seven percent
we all know that CPI is a complete lie, mainly because it doesn't calculate housing costs properly, but what if we used the supreme wisdom of GPT-4 to recalculate it based on the monthly mortgage payment for a median house? Well, it's ugly... very ugly: how about 127% in four years? not 27%, one hundred and twenty seven percent
Retail Giant Falls: Walgreens Succumbs to Inflation, Shuts Hundreds of Stores
David Wagner, the portfolio manager and equity analyst for Aptus Capital Advisors, said that “the results this morning was just absolutely terrible. I mean, it’s been the theme of the last eight earning reports, to be brutally honest.” According to Reuters, Walgreens may continue to face challenges until 2025. It had to close underperforming branches to help the company curb the inflation costs and challenges. To date, over 560 stores have already been shut in the U.K. and in the U.S. 670 stores.
Stores across the U.S. are closing at unprecedented levels, according to new research from advisory firm Coresight Research
Joe blow 
repost but still one of the most relevant interview clips I've seen in my life. This is Biden's handpicked Economics Advisors Chair, Jared Bernstein, answering the question of why the USA borrows money from itself at massive interest after telling the interviewer we can never go bankrupt because we print our own money. The relevancy is that 76% of all the 2023 income tax money the govt collected went to paying off the interest on money the govt borrows from itself. They aren't fixing roads or building schools or creating a high-speed rail system they're paying off interest from money they're borrowing "from themselves".
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