Inflation Cooling, SBF Arrested
Motley Fool Hidden Gems Investing
The Motley Fool
4.3 • 3.1K Ratings
🗓️ 13 December 2022
⏱️ 27 minutes
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| 0:00.0 | You've got questions, we've got answers. Motley Fool Money starts now. |
| 0:13.5 | I'm Chris Hill, joining me from the Great White North, Motley Fool Senior and Les Jim |
| 0:17.6 | Gilles. Thanks for being here. Thanks for inviting me, Chris. |
| 0:21.8 | The Consumer Price Index in November rose 0.1 percent compared to the month before, that |
| 0:27.7 | is lower than the 0.3 percent that economists were expecting. |
| 0:33.0 | And yes, Jim, it does feel crazy to celebrate inflation rising 7 percent year over year, |
| 0:39.9 | which is what this is year over year. That's pretty much what they're doing on Wall Street. |
| 0:44.5 | Across the board, most stocks in positive territory today, and I'm okay with that. |
| 0:51.7 | Oh, I'm absolutely okay with that. It's down a little bit. It looks like it came out |
| 0:56.7 | at the gate pretty hot this morning of the seven or eight hundred points, I think, on |
| 1:00.8 | the Dow. Now we're up only 200. I do appreciate the somewhat cynical grin that people celebrating |
| 1:12.2 | 7 percent inflation does engender. But the one I like there is I have one of the articles |
| 1:18.5 | I was reading this morning that came from a noted financial network slash website. |
| 1:25.2 | The quote is prices rose less than expected. The latest side at the runaway inflation that |
| 1:33.3 | has been gripping the economy is beginning to loosen up and quote. |
| 1:39.1 | Vymar Germany would like a word. And Venezuela is online too, and Zimbabwe is online three. |
| 1:46.8 | With all due respect, I know it's been difficult for some folk. I know that it's been a lot |
| 1:51.6 | of headline enc wasted on inflation being the story of the last year. |
| 1:59.6 | But I think elevated inflation was somewhat expected given the amount of stimulus money |
| 2:05.7 | that was dropped into the economy from 2020 and 2021. And in no universe is 7 percent |
| 2:13.6 | or 9 percent or 10 percent whatever runaway inflation. It's the worst that we in North |
| 2:22.2 | America have seen in 40 years. That is absolutely true. But I don't remember a similar amount |
... |
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