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Inflation more than 90 percent above Fed target, Gordon Johnson notes
Gordon Johnson, CEO / Analyst at GLJ Research, highlights that inflation is currently over 90 percent above the U.S. Federal Reserve’s 2 percent annual target and continues to accelerate.
He also observes that the Federal Reserve is expanding its balance sheet again and notes the Dow Jones index has reached 50,000.
Johnson has previously questioned recent trends at individual firms, noting a significant decline in Tesla’s unsupervised rides from 69 to 3 within three weeks. In an earlier article, he criticized the practice of adjusting Wall Street estimates so that public companies rarely miss earnings expectations. These observations come as he tracks ongoing macroeconomic shifts.
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