What's the impact of Steemit on news like this?
The Consumer Price Index measured a 0.5% rise in the price of goods in January, particularly in gasoline, shelter, clothing, medical care, and food, prompting fears of worsening inflation. If you're in crypto, Steemit, altcoins, etc...are you likely more or less concerned about mainstream economic news like this?
Leave me your thoughts in a reply!
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The current US CPI is more of a CP Lie anyway.
Over time, inflation news might push more investors into crypto once the volatility of crypto dies down . . .
great information....
thanks for sharing this valuable post.
please carry on.
I think we should be concern about this kind of thing.Because this kind of thing is par of our daily life and its our duty to know about those things which will effect our daily life.Thank's for the post.@upvoted
Inflation has ripple effects to many people. It also comes much faster than people would expect which have detrimental outcomes for those in unsecured employment situations. This was only the first report of this metric; as the tax reform impacts become more apparent, these figures will move quickly to the upside.
Good explanation Parkman. You should change your last to Parkman. If you really loved your country you would do that since the average true patriot doesn't take the time to carefully look at the spelling of your name before responding out of anger.
Crypto or fiat, it doesnot matter. Once the price has increased for an item, then that exact amount has to be paid even if it is paid in crypto.
depends on how much you invested !