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Inflation Alert! Bureau of Economic Analysis announced the “core PCE” price index, which excludes food and energy (and understates inflation, which is why the Fed relies on it) jumped by 0.50% in December from November, and by 4.9% year-over-year

https://www.bea.gov/news/2022/personal-income-and-outlays-december-2021

Remember back in the summer when JPow was saying their target for inflation is 2%? Well, they have certainly BLOWN by that:

As measured by their most manipulated, best-looking inflation measure, inflation, is well over DOUBLE the Fed’s target

The overall PCE inflation index (includes food and energy) was up by 0.45% in December from November, and by 5.8% year-over-year, the worst reading since 1982:

Outside of raising prices, inflation's other sinister effect is on wages. Adjusted for inflation, per-capita disposable income was down 0.3% for the month and down 0.5% year-over-year--continuing the avalanche that started last summer when inflation really started to take off:

Any gains in salary are getting eaten by inflation to the point where inflation-adjusted income is below where it was 2 years ago.

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NSCC's got a "rule for throwing out rules". So we're going to throw out their rule, for throwing out rules. You in? 😃

NSCC's got a "rule for throwing out rules". So we're going to throw out their rule, for throwing out rules. You in? 😃

NSCC's Rule 22 lets officials change/ignore rules at will and skip actions like closing failing trades (e.g., GME) if it might "disrupt the market". These changes don’t need full public disclosure and can last up to 60 days without extra approval. Awful, right? Send your petition!

"we all have a free speech right to go and say to a neighbor, whether it’s online or in person, I like this investment,”

To the people familiar with the matter complaining DFV updates are market manipulation, please revisit Gary Gensler's testimony from Thursday, May 6, 2021

To the people familiar with the matter complaining DeepFuckingValue/RoaringKitty/Kieth Gill updates are market manipulation, please revisit Gary Gensler's testimony from Thursday, May 6, 2021 at the house congressional hearing GAME STOPPED? WHO WINS AND LOSES WHEN SHORT SELLERS, SOCIAL MEDIA, AND RETAIL INVESTORS COLLIDE, PART III:

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