Off-Topic Stock Market & Crypto Discussion

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Any opinions on this? Iran will destroy American economy?

Chinese professor, Of course he believes it!

He also believes Iran will beat the USA in the war.

Iran doesn’t have the power to destroy the American economy. Now it can really hurt the Asian economy which would drive the cost of goods higher.

I’m far more concerned with AI and Robotics destroying the American economy as we know it.
 
Only the trillion dollar companies can afford the billions it will take for AI…
Meta just popped on news of more spending despite big layoffs.
 
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8:30 AM
USD Producer Price Index (MoM) (Feb)
0.7% 1.67 0.3% 0.5%
8:30 AM
USD Producer Price Index (YoY) (Feb)
3.4% 1.29 2.9% 2.9%
8:30 AM
USD Producer Price Index ex Food & Energy (MoM) (Feb)
0.5% 0.52 0.3% 0.8%
8:30 AM
USD Producer Price Index ex Food & Energy (YoY) (Feb)
3.9% 0.43 3.7% 3.5%

PPI mom up
PPI YoY up
Inflation up
 
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