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Markets January 20, 2021

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  • Frostbit
    replied
    LINK

    D56F9C6C-9C55-420B-AACD-0C70F018A6CD.jpg

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  • Frostbit
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    The average American has lost more than $4,000 in annual income since President Biden took office due to soaring inflation and higher interest rates thus wiping out income gains under the previous administration, according to data compiled by the Heritage Foundation.

    Experts at the conservative think tank analyzed consumer prices data and the Federal Reserve’s interest rates and found in a Friday report that Americans have lost the equivalent of $4,200 of income per capita since January 20, 2021.

    Consumer prices have risen 12.7% since January 2021, much faster than wages, which Heritage analysts say has cost the average American worker $3,000 in annual purchasing power.
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  • gary m
    replied
    As I write this...
    Dow -443.02 29638.71
    S&P -66.32 3691.67
    Nasdaq -183.81 10833.00

    Good work, Joe!!!

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  • Newman
    replied
    Ounce of gold, Jan. 20, 2021 - $1708.64.

    Today $1682.20 (up $6.50 from yesterday)

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  • Frostbit
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    Bitcoin January 2021 33,053, now 19,226

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  • Frostbit
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    30 year fixed rate mortgage in January 2021 - 2.25%, Now 6.25%

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  • Frostbit
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    Fed Fund Rate January 2021 - 0.25%, Fed Fund Rate now - 3.25%

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  • Frostbit
    started a topic Markets January 20, 2021

    Markets January 20, 2021

    Let's Go Brandon

    Dow - 31,186 now 30,111

    NASDAQ - 13,461 now 11,052

    S&P 500 - 3,851 now 3.761


    Inflation - 1.4% now 8.3%


    Party on Garth
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