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Consumer Sentiment at Lower Levels Now than During Financial Crisis

(6/13/22) Inflation is hotter than expected--IRS increasing mileage allowance in mid-year; largest inflation gauge is Homeowners' Equivalent Rent--w a 3-mo lag; Bitcoin sustained a 25% bloodbath over the weekend; inflation is hitting everything: Lottery Tickets, gasoline, Beer, Costco Peanut butter; Biden polling at all time lows; consumer sentiment at lower levels than in Financial Crisis; McDonald's quest for profitability; job hopping at restaurants; fallacies of oil companies' profits: inflation breaks things; markets' biggest problem is lack of clarity; bear markets don't end while everyone still wants to buy. Inflation is driving everything; GAO: 20% of PPP payments were fraudulent; Geico's lawsuit loss; Demand for random crap as indicator.
1:50 - Hotter Inflation & Bitcoin Bloodbath
13:13 - Lottery Tickets, Gasoline, & Beer: Inflation everywhere
29:08- McDonald's Better Bad Choices for Profitability
43:12 - Inflation & the Demand for Random Crap

Hosted by RIA Advisors Chief Investment Strategist Lance Roberts, CIO
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Our Latest "Three Minutes on Markets & Money: Will the Fed Be More Aggressive?" is here:
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Our previous show, "How the Consumer is Getting Squeezed,"
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Articles mentioned in this podcast:
"The Consumer is Getting Squeezed:"
https://realinvestmentadvice.com/the-consumer-is-getting-squeezed
InvestorProtection.org
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#Inflation #CPI #FederalReserve #Gasoline #Peanut_butter #Geico #McDonalds #Markets #Money #investing
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Lance Roberts
Finally, financial news that makes sense. Lance Roberts, the host of "StreetTalkLive", has a unique ability to bring the complex world of economics, investing and personal financial wealth building to you in simple, easy and informative ways but also makes it entertaining to listen to at the same time.
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