Professional economists are expecting 6.8% for the November figure
Oil Prices Surge To Three-Year Highs After Hurricanes And Unexpected Demand—How Much Higher Can They Go?The worst it got was in mid-1980, when the ten-year Treasury was paying not much more than 10% and inflation topped 14%.
You can sit still while the U.S. Treasury makes you poorer with every passing year, or you can take your chances in the wildly overpriced stock market. Earnings yields on stocks are horribly low at the moment, around 3%, but investors put up with them because bond yields are so much worse. Look at Congress, which sets an example for the country with its trillion-dollar deficits. Or look at the politics. A telling exchange took place two years ago between a voter and a presidential candidate proposing a plan to forgive student loans.
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