Quote:
Originally Posted by RedFred
Considering the GDP was at 3.1% a year ago, it's not good.
Stock and gas fluctuates?? WTF kind of argument is that? They are both headed in the wrong direction, it's not some fluke fluctuation. LOL
Many workers disagree with you.
Raising interest rates are meant to put the brakes on inflation. It's not working (Thanks Trump)
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He's not capable of a logical fact based stance on economics.
This happened today
PepsiCo gets downgraded by Deutsche Bank due to rising ‘cost inflation’ | CNBC
"Deutsche Bank lowers its rating on PepsiCo shares to hold from buy, predicting the company will report earnings below expectations this year.
The firm's analyst predicts the company’s gross profit margin will
decline by 75 basis points in its second quarter due cost inflation in commodities."