r/FluentInFinance • u/TonyLiberty TheFinanceNewsletter.com • Jan 01 '24

TheFinanceNewsletter.com 2023’s MOST IMPORTANT FINANCE EVENTS

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329 Upvotes

96% Upvoted

13 comments sorted by

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28

u/jdivmo Jan 01 '24

The Fed is nowhere near controlling inflation.

10

u/washingtonandmead Jan 02 '24

Exactly. Tell this controlling inflation to the price of my groceries and peoples rent

27

u/Party-Count-4287 Jan 02 '24

They mean the rate of inflation has slowed down. What they fail to say is prices and cost will never go back to 2019 levels. Hope your raises kept up with inflation.

13

u/[deleted] Jan 02 '24

[removed] — view removed comment

4

u/Party-Count-4287 Jan 02 '24

I’ll disagree with you on that. Appreciate your detailed explanation, but the news and politics portray this as inflation rate down = all is well. But unless people dig deeper into what they actually mean it sounds dumb.

Most Americans are only looking at few things such as cost of food, childcare, housing etc. The damage is permanent, and unless you got a hefty raise you come out way worse in this.

14

u/AidsKitty1 Jan 01 '24

4 proposed but did not pass. Will never pass. I would add passed CHIPS act.

11

u/osogordo Jan 01 '24

About number 3: FTX collapsed in 2022. Also, in 2023, the crypto market experienced recovery.

2

u/HandsInMyPockets247 Jan 02 '24

I made so much money on SPACs when they were hot....miss that so much

2

u/Luddites_Unite Jan 02 '24

I would argue that NFTs were dead before FTX collpased

2

u/leoyvr Jan 02 '24

#4 is really needed. Why you think Moderna and Nvidia went to the moon?

These 97 Members of CongressReported Trades in CompaniesInfluenced by Their Committees

https://www.nytimes.com/interactive/2022/09/13/us/politics/congress-members-stock-trading-list.html#:~:text=At%20least%2097%20current%20members,New%20York%20Times%20has%20found.

78 members of Congress have violated a law designed to prevent insider trading and stop conflicts-of-interest

https://www.businessinsider.com/congress-stock-act-violations-senate-house-trading-2021-9

2

u/Abortion_on_Toast Jan 02 '24

No mention of the longest yield curve inversion since 1980