Damn, i went all in long ahead of the number, max leverage, based on your advice. You sounded so confident. Now i am broke
that's why we have to trade after the CPI data is released, not before. and when the CPI data is released, DON'T look at the number. DON'T look at rickshaw thread. LOOK at the chart.
It's not this is exclusive to the US though. Our inflation is already above 9% as well (UK). All self inflicted nonetheless though I have to agree.
Self inflicted by consumers buying too much chit during lockdown, among many other factors. Simply exporting crude that we don't have the capacity to refine is not one. And as you point out UK is high, everywhere is high. Yet wingnuts blame Keystone and other nonsense.