Posts Tagged ‘inflation’
“Have Fun Staying Poor” – Bitcoin Standard’s Ammous Warns “The Dollar Is Over… The Fiat Bargain Broke Down”
“For me, the dollar is over. The Fiat bargain broke down… …Show me what you’ve done with your portfolio with your bonds with your stocks over the last five years and how has it outperformed Bitcoin. Have fun staying poor.” In this excellent discussion, renowned economist Saifedean Ammous, explains the superiority of Bitcoin over fiat…
Us Inflation Cools, Spending Stagnates as Economy Loses Steam
The Federal Reserve’s preferred measures of U.S. inflation cooled in May and consumer spending stagnated, suggesting the economy’s main engine is starting to lose some momentum. The personal consumption expenditures price index rose 0.1% in May, Commerce Department figures showed Friday. From a year ago, the measure eased to the slowest pace in more than two years. Consumer spending,…