Energy costs behind drop in annual rate in July, as wage increases finally overtake price rises

Of course, inflation going down doesn’t mean prices are coming down; life is still getting more expensive, just at a slightly lower rate…

  • HelloThere@sh.itjust.works
    7·
    11 months ago

    The only naive bit of what you say is the idea that markets bake/price in anything.

    If the last 15 years has taught us anything it’s that “the market” doesn’t know jack shit, and is incredibly reactive and twitchy.

    That’s not to say there aren’t traders who can’t spot a bargin, or make good bets, but we’re less wisdom of crowds and more madness of the mob.